Mahindra plans to introduce a new manufacturing plant in Uttarakhand at an investment of Rs.3000 crores. The production capacity of the plant would be 2.5 lakh units annually. This has been confirmed by the state government of Uttarakhand.
The government had stated that the President of M&M, Mr.Pawan Goenka had a meeting with Uttarakhand’s Chief Minister Vijay Bahuguna on April 26th. The statement also added that during the discussions, Bahuguna said the government would try to provide land to M&M at Sitargunj for the project.
Sources close to M&M said, “Goenka met the CM of state to discuss potential future investment in the state. The discussion was preliminary and we cannot comment on the details.”