Mahindra plans Chakan plant expansion at Rs 4k cr investment

Mahindra & Mahindra plant in Chakan, Maharashtra enters a new phase of expansion for which the company has planned investments to the tune of INR 4,000 crores over a period of 7 years. The M&M plant in Chakan was inaugurated in March 2010 with an investment of INR 4,000 crores and with installed capacity of 3 lakh units.

Mahindra plans Chakan plant expansion at Rs 4k cr investmentFresh investment planned by Mahindra & Mahindra would take total investment upto INR 8,000 crores which will be directed towards building up of infrastructure, enhanced product development and expansion of capacities for all models produced at the plant. The company plans to increase vehicle manufacturing capacities over the next 18 months from a present 3.20 lakhs to 4.50 lakhs.

The decision to infuse fresh investment comes following a joint declaration signed by M&M and the Government of Maharashtra with Chief Minister Prithviraj Chavan in attendance. It is due to the various industrial policies and efficient government strategies that have allowed to company to take this step to enhance facilities at their Chakan plant.

Mahindra plant at Chakan is from where the company produces its medium and heavy range of commercial vehicles besides the Maxximo, Single and Double Cab Pik-Ups and Mahindra Trucks along with the XUV500 and assembly of SsangYong Rexton.