Govt capex, rising rural demand to push sales: M&M CEO Anish Shah

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Govt capex, rising rural demand to push sales: M&M CEO Anish Shah - Business Standard

Quick Summary:

There were rumours of an equity tie-up with Volkswagen, but like in the past, we will explore the option if there's any value proposition for us for an equity tie-up,” Shah said.

Shah said the group is also planning to list a few of its unlisted “growth gems” in the near future.

Between 2025 and FY 2027, the group will deploy Rs 27,000 crore in its auto business with Rs 14,000 crore capex in ICE (internal combustion engine) vehicles and Rs 12,000 crore in the electric vehicle business.