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16.8.13

* India - Busmaker Mahindra invest $82 million in trucks and buses

* India - Mahindra to invest $82 million in trucks and buses, new products

Mumbai,India -Reuters/First Post, by Aradhana Aravindan/Sunil Nair –Aug 15, 2013: -- Mahindra and Mahindra Ltd, India’s biggest utility vehicle manufacturer, plans to invest 2 billion rupees to strengthen its current product line-up of trucks and buses, the company said in a statement on Wednesday... Mahindra plans to invest another 3 billion rupees to explore new products, it said... On Tuesday, the company posted a forecast-beating 29 percent rise in first-quarter profit, as strong demand for its tractors compensated for falling sales of its sport utility vehicles...

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