Mahindra International, the commercial vehicle arm of Mahindra & Mahindra (M&M), has zeroed in on Pune to set up a greenfield plant at an investment of over Rs 2,000 crore."Maharashtra has been selected for this new venture between Mahindra and International Truck and Engine Corporation (ITEC) for manufacturing commercial vehicles," a senior state government official told PTI.An M&M spokesperson, however, declined to comment.Mahindra International, a 51:49 joint venture between M&M and US-based ITEC, has already commenced manufacturing light commercial vehicles (LCV) under a contract manufacturing arrangement with M&M at the Zaheerabad plant in Andhra Pradesh.
