M&M lines up Rs 1,000 cr for e-vehicles
Mahindra & Mahindra (M&M) is in the process of investing Rs 1,000 crore in development, production, research and development (R&D) of electrical vehicles (e-vehicles) by 2020. The company has so far invested Rs 400 crore for e-vehicle products and technology development. It has set aside Rs 100 crore for Treo, the company's threewheeler autorickshaws, and Rs 500 crore for setting up global automobile R&D centre and production enhancement in Bengaluru and Chakan near Pune. The company is planning to split its production of e-vehicles
between Bengaluru and Chakan.
Lanxess to pump Rs 1,250 cr in 5 years Lanxess plans to invest Rs 1,250 crore over the next five years to ramp up capacity at its existing facilities in Jhagadia in Gujarat and Nagda in Madhya Pradesh besides
setting up a new plant. The focus areas for the investment will be chemical intermediates, high-performance plastics and water treatment products. In the last decade, Lanxess' sales in India have more than doubled to Rs 2,608 crore. In the last nine months, its sales were up by 14 per cent. The
Indian arm of the German specialty chemicals company has also exported chemicals worth over Rs 750 crore.