M&M to invest Rs 4,000 crore for expansion of Chakan plant

In a bid to expand its existing facility at Chakan in Maharashtra, Mahindra & Mahindra (M&M) is planning to invest Rs 4,000 crore over a 7-year period. The fresh infusion would take the company’s total investment in Chakan to Rs 8,000 crore.

A total of Rs 4,000 crore will be utilised towards infrastructure development, product development and capacity expansion for vehicles to be rolled out from the Chakan plant.

Earlier, the company had decided to put on hold all investment at its Chakan plant due to VAT refund issues with Maharashtra Government.

Mahindra & Mahindra (M&M) is the flagship company of the Mahindra Group, a multinational conglomerate based in Mumbai, India. Amongst the various business interests of its parent group, the company is mainly involved in the automobile manufacturing. It is one of the leading auto companies of India.