Page 4 - Mahindra Group
Mahindra Group to double US investment by 2022, says Pawan Goenka
The Indian conglomerate has invested $1 bn in US market till date, employs about 3,000 Americans
 "Mahindra Group to double US investment by 2022, says Pawan Goenka")
Mahindra to invest $1 bn in US in 5 yrs, seeks to double American revenues
Diversified Mahindra group plans to invest USD 1 billion across business verticals in the US over the next five years as it aims to double revenues from the American market to USD 5 billion. The Mumbai-headquartered group, which currently employs around 3,000 people in the country, also plans to double the headcount over the next five years as it looks to expand operations. "We have so far invested around USD 1 billion in the US among all the businesses and we should invest another billion over the next five years," Mahindra & Mahindra Managing Director Pawan Goenka told PTI here in an interview. The quantum of investment, however, would depend on various factors like market conditions and success of various projects that are currently underway in the US, he added. Elaborating on various strategic projects, Goenka said the company has bid for a US postal service contract and if it comes through it would help the company grow exponentially in the country. When asked about the
 "Mahindra to invest $1 bn in US in 5 yrs, seeks to double American revenues")
Tough conditions for Mahindra, especially tractor biz, could end soon
Mahindra is among the few business houses spread across diverse industries such as automobile, software, real estate, financial services
 "Tough conditions for Mahindra, especially tractor biz, could end soon")
Not quitting 2-wheeler space, will focus on niche market: M&M
The move is part of its strategy to refocus on the two-wheeler business and target premium niche segment
 "Not quitting 2-wheeler space, will focus on niche market: M&M")
