Mahindra Plans To Invest Rs 9,000 Cr To Revamp Its SUV Range By 2026
Automaker Mahindra has announced an investment of Rs 9,000 crore by 2026 to revamp its SUV series. The company plans to launch nine new SUV models by 2026 including upgraded versions of Scorpio, 5-door Thar and Bolero. Allocating Rs 3,000 crore for electric vehicles, the remaining Rs 6,000 crores will be utilised for development, sales, marketing and promotion of combustion engines. Mahindra will also bring all-new EV platform- Born EV.