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Finance | February 2014

Mahindra to invest Rs 500 crore on commercial vehicle development

Mahindra Trucks and Buses Ltd, part of the Mahindra group, plans to invest Rs 500 crore in 2-3 years on developing new products and strengthening of the line-up of commercial vehicles. The company, which will showcase two new trucks TRACO 49 and TRUXO 37 at the upcoming Auto Expo, plans to launch a brand new platform of intermediate commercial vehicles segment in a couple of years.

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