-9.35 (-0.30%) Mahindra and Mahindra's Mahindra Automotive North America (MANA) has signed a Letter of Intent (LoI) with RACER Trust to evaluate the former Buick City site for a new manufacturing plant in Flint, Michigan. Mahindra’s current manufacturing facility in Auburn Hills, Michigan is at capacity, and a significant facility expansion is envisioned to support manufacturing and assembly of new products for the US market.
The plant would include production of mail delivery trucks should Mahindra be awarded the USPS’s Next Generation Delivery Vehicle contract. MANA is Mahindra’s North American automotive headquarters.
Mahindra and 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.