Here's the plans from their Q1 results:
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M&M has proposed to spend Rs 6,400 crore in the next three years. The amount will be spent on expansion of capacities and research and development and product development.
Mahindra is developing an automatic transmission for its scorpio to facilitate its foray into US market(where margins are higher). Mahindra is also developing a hydrogen powered scorpio regarding the same. Mahindra aims to quadruple exports and double domestic sales by 2010, with four new platforms and 10 new product launches.
On the domestic front Mahindra will roll out 2.2L Scorpio eagle in this year. Mahindra also plans to rival Tata motors by making trucks and buses with a unit of Navistar Inc. Mahindra is investing around 2000crore rupees for a manufacturing plant in chennai in alliance with Renault - Nissan. But Mahindra refused to participate in Renault’s low cost project citing poor margins
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