Mahindra to bring new products in upcoming months; plan to open a new manufacturing plant

Mahindra Mahindra (MM) has plans to open a new manufacturing plant in Tamil Nadu. With an investment of Rs 4,000-crore, the company looks forward to open its seventh manufacturing unit. The signing of an MoU with Tamil Nadu government is under process. The manufacturing unit is expected to spread over an area of 400 acres at Cheyyar in southern Tamil Nadu.

As we reported earlier that the facelift version of the Scorpio is just round the corner, thus keeping that point in mind M M seem to be considering a heavy investment in Rs 4000 cr facility in Chennai. The automaker has also invested Rs 600 crore in Mahindra Research Valley- A Research Development facility near Chennai. Moreover, the company is also planing to launch an MPV, a mid-size SUV and a compact size SUV in upcoming months. Thus to meet the growing demand of SUVs in the country, the homegrown manufacturer seems to have a spirited attitude in opening new facilities and investing more capital.

In the last six months (Oct to March), the company has retailed more than 1,11,582 units of passenger vehicles out of which Bolero corresponds to 56,739 units and Scorpio stands to 26,763 units. In the Indian auto-sector where SUV and MUV collectively hold more than 26% of market share, it seems to be a decent move of bringing more such vehicles and opening new manufacturing plants.