Fueled by demand, M&M to set up first tractor plant in decade in Mohali

Mahindra & Mahindra going to setup new plat in Mohali as demand for tractors in the world's largest market has seen a sharp 44 per cent jump year-on-year in the first two months of 2022-23

Mahindra & Mahindra (M&M) is setting up a greenfield tractor plant in Mohali near Punjab.  Fueled by a strong domestic demand, the expansion is the first in a decade by the world’s largest tractor maker.

In 2012, the company had set up a facility at Zaheerabad in Telangana.

The demand for tractors in the world’s largest market has seen a sharp 44 per cent jump year-on-year in the first two months of 2022-23, after some moderation in growth in 2021-22. M&M, which controls 40 per cent of the market, is leading the growth chart. 

“We have grown faster than the