This fiscal year, Mahindra & Mahindra intends to raise total capacity to 64,000 vehicles and increase monthly Thar output by 4,000 units.
Mahindra & Mahindra revealed on Wednesday that it plans to build an extra 4,000 units each month for the Thar Roxx, a five-door variant of the car that will probably go on sale next month. It is anticipated that this expansion will have a major impact on the company’s income source. For the current fiscal year, M&M has budgeted a total manufacturing capacity of 64,000 units per month, and for the following fiscal year, 72,000 units.
The FY25 exit capacity for XUV 3XO/400 and electric vehicles is the estimated production capacity at the conclusion of the fiscal year. It includes an increase of 5,000 units for SUVs (THAR 5D, XUV 3XO/4OO) and 10,000 units per month for electric cars.
The business revealed on Wednesday that its net profit for the three months ending in June increased by 20% year over year to Rs 3,283 crore. After deducting the gains from KG Mobility from the previous year, the automotive segment’s consolidated PAT (profit after tax) increased by 35% year over year to Rs 1,330 crore, while consolidated revenue increased by 16% to Rs 19,776 crore.
Additionally, the company said that it will add 8,000 units of monthly EV capacity in the upcoming fiscal year, further demonstrating its commitment to sustainability. This action supports a more environmentally friendly future and is in line with the company’s long-term objective.
