M&M to invest Rs 8,000 crore at its automotive plants in Maharashtra

Mahindra & Mahindra (M&M), India’s leading automobile manufacturer, has announced its plans to make an investment of Rs 8,000 crore at the automotive plants in Maharashtra as part of its expansion plan shared earlier. The company has inked MoU with Maharashtra government for the same.

This investment will be made over a period of 7 years and will be utilized towards infrastructure development, product development and capacity expansion for vehicles to be rolled out from the company’s plants in Maharashtra. The projects will qualify as ‘Ultra Mega Project’.

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.