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Mahindra Plans Test Track and Factory Complex
Mahindra & Mahindra Ltd. intends to spend 40 billion rupees ($644 million) over seven years to build a test track and auto assembly plant in Tamil Nadu, India, the Economic Times reports.
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Mahindra & Mahindra Ltd. intends to spend 40 billion rupees ($644 million) over seven years to build a test track and auto assembly plant in Tamil Nadu, India, the Economic Times reports.
The complex is to be built on a 255-acre site in Cheyyar, pending allocation of the land, according to Pawan Goenka, who heads the company's automotive unit. He tells reporters the company expects to sign a memorandum of understanding in May.
Goenka says work on the test track will begin immediately after the land is assigned to the company. The timing of the factory's construction "depends on how the auto industry grows," he adds. When completed, the facility will be Mahindra's largest assembly plant in India.
The factory will be used to make an array of unspecified future products for sale in India and elsewhere, according to Goenka.
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