Mahindra plans capacity expansion after quarterly profit surges by 33 percent
The automaker will increase SUV and electric vehicle production by 3,000 units monthly to meet rising demand. Recent tax cuts helped fuel a 33 percent profit rise.
Insights:
Mahindra & Mahindra Limited announced on Wednesday that it plans to increase its monthly production capacity for both combustion-engine and electric SUVs by at least 3,000 units each. The expansion, scheduled to be completed by August or September, is intended to meet stronger-than-expected demand that has consistently outpaced the automaker's current supply capabilities in India 
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