M&M to likely defer ₹1,000 cr capex plan on market slowdown

Mahindra & Mahindra (M&M) will likely defer its capital expenditure plan of around ₹800-₹1,000 crore by a year amid the automotive sector slowdown, the automaker's MD Pawan Goenka said. He added there'll be a slowdown in M&M's capacity investment. M&M, which suspended production across plants in August on low demand, may have to do so again in October, Goenka said.