 "Mahindra XUV 5oo")
Automotive manufacturer Mahindra & Mahindra (M&M) plans to invest Rs 8,000 crore in manufacturing plants in Maharashtra as part of its expansion plan.
This investment will be made over a period of 7 years and will be utilised towards infrastructure development, product development and capacity expansion for vehicles to be rolled out from Mahindra's plants in Maharashtra. The projects will qualify as 'Ultra Mega Project'.
An MoU to this effect was signed by Apurva Chandra, principal secretary (industries), Government of Maharashtra, and Dr Pawan Goenka, executive director, Mahindra & Mahindra at the on-going Make in India Week event in Mumbai.
