Maruti Suzuki and Mahindra & Mahindra, India’s two biggest manufacturers of light vehicles, are making major investments in product development, manufacturing, marketing and R&D. Mahindra is spending Rs100 billion ($1.68 billion) over the next three years as part of the automaker’s “long-term vision for the emerging markets for capacity expansion and product development,” President and Executive Director Pawan Goenka says. Mahindra last year invested an ...

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