Mahindra & Mahindra is planning to invest Rs. 1,500 crore at its Nasik and Igatpuri plants in Maharashtra. The project constitutes development and manufacture of its new product codenamed U321, covering joint investment at Nasik and Igatpuri. The investment in the Nasik plant will be towards manufacture of vehicles, while investment in the Igatpuri plant will be for manufacture and supply of engines. The projects will qualify as ‘Ultra Mega Project’.
Discussing the company’s expansion plans, Dr. Pawan Goenka, Managing Director, Mahindra & Mahindra Ltd. said, “The Mahindra Group would like to express its deep and sincere gratitude to the Government of Maharashtra for its visionary industrial policies and efficient governance practices. This has enabled us to undertake the next phase of our expansion plans at Nasik. We would like to thank the State Government of Maharashtra and local bodies for their continuous and unstinted support. I am sure that with this expansion, Mahindra will continue to play an integral role in the development of not only the region of Nasik but the entire state of Maharashtra.”
Source: Mahindra & Mahindra
Uno Minda Aftermarket has launched its new wiper blade range, featuring technology from Taiwan. This range features precise design and improved durability for everyday driving. The Uno Minda wiper bla...
Tvarra, a brand synonymous protective riding headgear for women and young adults, unveiled its latest Hyp3 Kids’ helmet range, at the new flagship store at Nexus Mall, Koramangala in the presence of T...
Apollo Tyres has introduced Apterra HT5, a premium highway terrain tyre designed specifically for the core SUV segment, where urban sophistication meets highway dominance.