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After a strong ride amid pandemic, M&M investors face a bumpy road
₹4,800 crore versus a positive FCF of ₹750 crore earlier." Over FY22-24, M&M’s capex guidance stands at around ₹12,000 crore for its auto and farm segments. For the same period, investment guidance stands at around ₹5,000 crore, including ₹3,500 crore for group companies.As things stand, in the short term, M&M is gearing up for risks arising out of semiconductor shortages, localized lockdowns and commodity price inflation.