Mahindra & Mahindra Ltd.
BSE: 500520 | NSE: M&M
Large Cap | Automobiles - Passenger Cars
3129.15
43.90 (1.42%) M&M to set up an automotive and testing facility in Tamil Nadu: Report
Date: 09-12-2013Mahindra & Mahindra (M&M) is reportedly planning to invest around Rs 2,000 crore to set up an automotive and testing facility in Tamil Nadu. In this regard, the company is likely to ink Memorandum of Understanding (MoU) with Tamil Nadu government.
The automotive and testing facility will spread over in around 400 acres at Cheyyar in southern Tamil Nadu.
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.