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|22nd April 2015, 16:29||#1|
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Mahindra expands Zaheerabad factory to make P601 commercial vehicle
Mahindra has inaugurated an extended automotive manufacturing facility in Zaheerabad, Telangana. This facility will be used to manufacture Mahindra’s new small commercial vehicle code named P601, which is scheduled to be launched in the first half of the current fiscal.
The extended manufacturing facility for the automotive plant has been set-up at an investment of approximately Rs. 250 crore and an installed capacity of 92,000 new vehicles per annum, which can be scaled up further to meet additional demand. This is in addition to the production capacity of 75,000 vehicles per annum from the already existing automotive manufacturing plant in Zaheerabad, which his currently manufacturing utlity vehicles, light commercial vehicles and 3-wheelers.
The expansion will provide additional direct and indirect employment, taking the total employment to 3,500 workers spread across the automotive and tractor plants. The company claims that six of its suppliers are currently setting up plants in the nearby supplier park, with investments of over Rs. 100 crore.
Mahindra's tractor plant in Zaheerabad was inaugurated in 2013. It produces 3,500 tractors per month. The company also has automotive manufacturing plants in Mumbai, Chakan, Nasik, Igatpuri and Haridwar. It has a research and development centre called Mahindra Research Valley at Chennai.
|23rd April 2015, 15:44||#2|
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Re: Mahindra expands Zaheerabad factory to make P601 commercial vehicle
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