2026-02-06 02:38:15 pm | Source: Reuters
Indian automaker Mahindra to invest $1.65 billion over a decade to expand manufacturing
India's Mahindra & Mahindra will invest 150 billion rupees ($1.65 billion) over the next decade to expand its manufacturing footprint in the western state of Maharashtra, including setting up its largest integrated auto and tractor plant, the company said on Friday.
The company said the new facility in Nagpur city will start production in 2028 and have an annual capacity of more than 500,000 vehicles and 100,000 tractors once fully operational.
The new plant, spread across 1,500 acres, will support multiple powertrains, including internal combustion engines and electric vehicles, for domestic and export markets, the automaker said.
($1 = 90.7050 Indian rupees)
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