 "truck, vehicle, Mahindra")
Mahindra & Mahindra's expenditure on research and development (R&D) has grown nearly 26 times, while its revenue rose by more than10 times from 2003-2016. The company is putting a significant amount of energy and money behind R&D, says company's top official.
Pawan Goenka, Managing Director, M&M, who was in Chennai to announce FISITA World Automotive Congress 2018, which he says is the Olympics of automotive technology in the world, said that companies must spend more and more in R&D to remain functional.
"If you don't spend that kind of money in R&D, you will never remain at the front line.
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