Mahindra Intl plans Rs 2000cr unit in Pune

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.