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Mahindra & Mahindra plans expansion of Zaheerabad unit

Thursday, 23 Jan 2014
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Mahindra & Mahindra is looking forward to expanding its manufacturing unit at Zaheerabad in Medak district of Andhra Pradesh.


To expand its product line to light commercial vehicles (LCVs) at its manufacturing plant, the company will invest Rs 250 crore. Once expanded, the unit will manufacture four wheeler sub-one tonne light commercial and passenger vehicles, with a capacity of 92,000 vehicles per year. For this, the company has approached the government seeking sops.


Based on the request from the company and the recommendation by the State Investment Promotion Board, the government is likely to allow incentives based on certain conditions.


Currently, the facility manufactures tractors with an installed capacity of one lakh tractors per annum which can be scaled up to meet additional demand. It has been developed with an investment of Rs 300 crore.


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