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CHENNAI: Auto to software program conglomerate Mahindra & Mahindra has introduced a mixed capex of Rs 37,000 crore to be spent over the next three years – from FY25 to FY27. Of this, the corporate plans to spend Rs 14,000 crore on petrol and diesel automobiles whereas one other Rs 12,000 crore have been lined up for the group’s EV enterprise MEAL (Mahindra Electric Automobile Ltd).
The group’s farm and providers companies get a money deployment of Rs 5,000 crore every. Another Rs 1,000 crore has been lined up for investments in different subsidiaries. This is excluding cell localisation spend, firm officers mentioned.
Much of this might be spent to carry in each new merchandise in addition to refreshes. In auto, the capex spend might be Rs 8,500 crore on ICE SUVs and Rs 4000 crore on industrial automobiles whereas one other Rs 1500 crore might be spent on sustenance. The firm has introduced 9 new ICE (inner combustion engine) merchandise, seven new battery electrical merchandise and 7 new gentle industrial automobiles by 2030. The ICE launches embody three ‘mid cycle enhancements’ together with the lately launched XUV3XO & six new SUVs. The seven LCV embody 5 ICE & two EVs in sub-3.5 tonne class.
M&M and its auto division count on to generate enough working money to fulfill the capital funding wants subsequently M&M and British International Investment (BII) have “mutually agreed to extend the timeframe for the final tranche of BII’s planned investment of Rs 725 crore in MEAL and will jointly assess whether additional investment is required by 31 December, 2024,” said Anish Shah, CEO & MD, Mahindra Group. BII has already invested Rs 1,200 crore and Temasek has invested another Rs 300 crore so far in MEAL. “Temasek will make investments the steadiness Rs 900 crore as per agreed timelines,” he added.
The firm’s standalone PAT for FY24 was up 48% at Rs 10,718 crore whereas consolidated PAT for the 12 months is up 25% at Rs 11269 crore. This efficiency has been regardless of “stress in rural/farm industry and Tech Mahindra PAT down 52%” mentioned Shah.
The firm’s auto division presently has 2,20,000 bookings together with 50,000 open bookings for XUV 3XO, 59,000 bookings for Thar, 16000 for XUV700, 10,000 for Bolero and 86,000 for Scorpio N.
Overall, it’s clocking 48,000 new bookings monthly and 42,000 billings, mentioned Rajesh Jejurikar, ED & CEO, AFS, M&M. The firm can also be increasing capability to enhance supply time. “Overall SUV capacity will go from 49,000 units in FY24 to 64,000 units in FY25 and 72,000 units in FY26,” he added. The FY25 exit capability consists of a rise in SUV capability (THAR 5D, XUV3XO/4OO) by 5000 items and 10,000 items of EV capability. “There will be an additional 8,000 units of EV capacity by FY26 end,” he added.
The group’s farm and providers companies get a money deployment of Rs 5,000 crore every. Another Rs 1,000 crore has been lined up for investments in different subsidiaries. This is excluding cell localisation spend, firm officers mentioned.
Much of this might be spent to carry in each new merchandise in addition to refreshes. In auto, the capex spend might be Rs 8,500 crore on ICE SUVs and Rs 4000 crore on industrial automobiles whereas one other Rs 1500 crore might be spent on sustenance. The firm has introduced 9 new ICE (inner combustion engine) merchandise, seven new battery electrical merchandise and 7 new gentle industrial automobiles by 2030. The ICE launches embody three ‘mid cycle enhancements’ together with the lately launched XUV3XO & six new SUVs. The seven LCV embody 5 ICE & two EVs in sub-3.5 tonne class.
M&M and its auto division count on to generate enough working money to fulfill the capital funding wants subsequently M&M and British International Investment (BII) have “mutually agreed to extend the timeframe for the final tranche of BII’s planned investment of Rs 725 crore in MEAL and will jointly assess whether additional investment is required by 31 December, 2024,” said Anish Shah, CEO & MD, Mahindra Group. BII has already invested Rs 1,200 crore and Temasek has invested another Rs 300 crore so far in MEAL. “Temasek will make investments the steadiness Rs 900 crore as per agreed timelines,” he added.
The firm’s standalone PAT for FY24 was up 48% at Rs 10,718 crore whereas consolidated PAT for the 12 months is up 25% at Rs 11269 crore. This efficiency has been regardless of “stress in rural/farm industry and Tech Mahindra PAT down 52%” mentioned Shah.
The firm’s auto division presently has 2,20,000 bookings together with 50,000 open bookings for XUV 3XO, 59,000 bookings for Thar, 16000 for XUV700, 10,000 for Bolero and 86,000 for Scorpio N.
Overall, it’s clocking 48,000 new bookings monthly and 42,000 billings, mentioned Rajesh Jejurikar, ED & CEO, AFS, M&M. The firm can also be increasing capability to enhance supply time. “Overall SUV capacity will go from 49,000 units in FY24 to 64,000 units in FY25 and 72,000 units in FY26,” he added. The FY25 exit capability consists of a rise in SUV capability (THAR 5D, XUV3XO/4OO) by 5000 items and 10,000 items of EV capability. “There will be an additional 8,000 units of EV capacity by FY26 end,” he added.
