Mahindra to invest Rs.8,000 crore in Maharashtra plants

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Mumbai, Feb 15 (IANS) Automobile manufacturer Mahindra & Mahindra will make an investment of Rs.8,000 crore in its Maharashtra-based plants, the company informed the Bombay Stock Exchange (BSE) in a regulatory filing on Monday.

“The investment will be made over a period of seven years and will be utilised towards infrastructure development, product development and capacity expansion for vehicles to be rolled out from the company’s plants in Maharashtra,” it said.

Mahindra & Mahindra executive director Pawan Goenka signed the agreement with Maharashtra principal secretary (Industries) Apurva Chandra in the presence of Chief Minister Devendra Fadnavis at the ongoing ‘Make in India’ Week on Monday.

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