Please Tell Us Your City

Knowing your city will help us provide relevant content to you.

Sorry! No matching results found. Try again.Error Identifying Your Location.

Log in to CarWale

Please enter your password
Forgot password?
Please enter your registered email

Or Login with

Sign in with facebook
Sign In with google

Sign up to CarWale

Please enter your name
+91
Please enter your mobile number
Please enter your password
Please enter your password
Ad

Mahindra to invest Rs 4,000 crore in a new plant in Tamil Nadu

February 16, 2015, 01:44 PM IST by Selvin Jose
Mahindra to invest Rs 4,000 crore in a new plant in Tamil Nadu

India’s leading SUV maker, Mahindra and Mahindra, will invest Rs 4,000 crore in its upcoming manufacturing facility near Chennai. The new plant will be built on a 255 acre land in Cheyyar, Kancheepuram district and will be the biggest facility for the company in the country. 

The plant will be developed in two phases, in phase I, the company will set up a test facility and in Phase II an automotive plant. Mahindra estimates a total time of seven years to complete the work on the plant. 

The company expects to seal the deal with the Tamil Nadu government during the Global Investors Meet, expected to happen in May this year. 

Dr.Pawan Goenka, executive director of automotive division, said, “We have been promised that the land will be allocated very soon. The MoU will be signed during the Global Investors Meet.” 

Mahindra investing in a new facility is great news for the automobile industry. The company already has an R&D centre in Chennai and a manufacturing facility in Pune, Uttarakhand and Nasik. Currently, the company has 10 products on sale in India, this also includes the electric vehicle – e20.

Source: ET

Tags:Scorpio,Mahindra Scorpio,XUV500,Mahindra XUV500,Mahindra
Show CommentsHide Comments
Ad
  • Upcoming Cars

Ford Endeavour FaceliftFord Endeavour Facelift

22nd Feb 2019

29L - ₹ 35L
Honda CivicHonda Civic

7th Mar 2019

13L - ₹ 18L
Tata 45XTata 45X

Mar 2019

8L - ₹ 10L
BMW i8 RoadsterBMW i8 Roadster

Apr 2019

2.80Cr - ₹ 3Cr
Mahindra e20 NXTMahindra e20 NXT

Jul 2019

6L - ₹ 8L
All Upcoming Cars
Ask the experts1800 2090 230Mon-Fri (9 AM - 8 PM)
Sat (9 AM - 5:30 PM)
Sun (9 AM - 7 PM)
Toll free

Select your city to avail offers

Currently available only in