greater noida auto major mahindra mahindra mm plans to invest rs 5000 crore over the next three years towards infrastructure upgradation product development and capacity expansion the company is also planning to introduce 810 new variants and upgrades of its products this year adding new products is a continuous processwe have grown consistently over the last few years we plan to invest rs 5000 crore over the next three years to continue this momentum mm chief executive automotive division pravin shah said he added the investment will be made to enhance capacity and infrastructure as well as development of new products talking about new manufacturing units he said the company is exploring new locations for expanding capacity we are introducing new vehicles new models and so expansion of capacity has to happen we are in conversation with the maharashtra government and if we get the things incentives we are looking for then we will expand the capacity there itself shah said mm is also aggressively and extensively looking at other locations he added the firm has two manufacturing units at zaheerabad and haridwar and another four units in maharashtra at igatpuri engine plant nasik chakan and kandivali on the industry shah said the vehicle segments like suvs mpvs and uvs are growing at a higher pace than other categories siam has predicted that the car sales would grow 57 per cent this year on the other hand the products like uvs suvs and mpvs are growing at a stronger pace he said last month mm reported 1377 per cent decline in total sales at 42685 units the company had sold 49503 units in the same month previous year its sales of passenger vehicles including scorpio xuv500 xylo bolero and verito stood at 19792 units during the month as against 26555 in january 2013 down 25 per cent