Mahindra & Mahindra to Expand Its Zaheerabad Facility
Mahindra & Mahindra EVs Manufacture facility at the Zaheerabad plant:
Mahindra & Mahindra Limited (‘M&M’) to set up the Last Mile Mobility Electric Vehicle manufacturing facility as an expansion of its existing manufacturing facilities at Zaheerabad, Telangana.
The government of Telangana signed an MoU with Mahindra & Mahindra Ltd for establishing a manufacturing facility, including the development and production of electric 3 and 4-wheelers, pertaining to its Last Mile Mobility business, on the sidelines of the announcement of Telangana Mobility Valley (TMV), India’s first new mobility-focused cluster, at the first edition of Mobility Next Hyderabad Summit.
The state-of-the-art facility from M&M, together with its group companies (“Mahindra Group”), is an expansion of their existing factory in Zaheerabad, and involves an investment of approximately Rs.1,000 crores, creating employment to about 800 -1000 persons.
Mahindra & Mahindra Limited will collaborate with the Government of Telangana to lay down the roadmap for the development of Electric vehicle and Energy Storage Systems manufacturing units in the State.
Shri KT Rama Rao, Minister for IT E&C, MA&UD, and Industries & Commerce, welcomed the investment from M&M and stated, “The proposed facility by M&M will greatly contribute to the goal of Telangana Mobility Valley to further accelerate the growth of sustainable mobility in India.
Location at Zaheerabad, one of the 4 Mega EV Manufacturing clusters being developed by the State, will allow M&M to access state-of-the-art infrastructure planned to be created by the State in the Mega Clusters” the Minister added.
Rajesh Jejurikar, Executive Director (Auto & Farm), Mahindra & Mahindra, thanked the Government of Telangana for their long-standing partnership and stated “We are delighted to consider expansion of the current manufacturing unit at Zaheerabad for our new EV Manufacturing investment. This investment will help continue our leadership position in the electric 3-Wheeler category.”
Principal Secretary (Industries and Commerce and IT E&C) Mr. Jayesh Ranjan IAS, Special Secretary (Investment Promotion), and Mr. Gopalakrishnan VC, Director Automotive and EV Sector were also present at the MOU signing.
