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Mahindra spends INR 30 billion in R&D in FY 2019-20

In its annual report, Mahindra and Mahindra announced that it spent INR 29.7 billion (including INR 21.7 billion on capital expenditure) for research & development work during the fiscal year 2019-20, which was approximately 6.3% of the total turnover.
It filed a total of 185 patent applications. Cumulatively, Mahind....

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