Mexican Media Brands
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.
#economics
Share
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.
RELATED CONTENT
-
Choosing the Right Fasteners for Automotive
PennEngineering makes hundreds of different fasteners for the automotive industry with standard and custom products as well as automated assembly solutions. Discover how they’re used and how to select the right one. (Sponsored Content)
-
When Automated Production Turning is the Low-Cost Option
For the right parts, or families of parts, an automated CNC turning cell is simply the least expensive way to produce high-quality parts. Here’s why.
-
Things to Know About Cam Grinding
By James Gaffney, Product Engineer, Precision Grinding and Patrick D. Redington, Manager, Precision Grinding Business Unit, Norton Company (Worcester, MA)
