Automobile manufacturer Mahindra
& Mahindra Ltd. has inaugurated its extended automotive manufacturing
facility in Zaheerabad, Telangana. This facility was inaugurated by Chief
Minister of Telangana K Chandrashekar Rao. This facility will be used to
manufacture Mahindra’s new small commercial vehicle code named P601. This
vehicle is scheduled to be launched in the first half of the current
fiscal.
Set up with an investment of
around Rs 250 crore, the extended manufacturing facility for the automotive
plant has 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. The automotive plant in
Zaheerabad will manufacture sub one tone commercial vehicles which include 4
wheel load and passenger vehicles, in addition to the UVs, LCVs and 3 Wheelers,
which are being currently manufactured. The expansion will provide additional
direct and indirect employment, taking the total employment to 3,500 workers
spread across the automotive and tractor plants.
Mahindra had earlier
inaugurated its tractor plant in Zaheerabad in 2013. This plant has already
reached a production volume of 3,500 tractors per month. Other than Zaheerabad,
Mahindra has five more automotive manufacturing plants in Mumbai, Chakan,
Nasik, Igatpuri and Haridwar and a full-fledged research and development
centre, Mahindra Research Valley, for the design and development of both
Automotive & Farm Equipment products.
Dr. Pawan Goenka, Executive
Director, Mahindra & Mahindra Ltd. said, “Our Zaheerabad plant incorporates
a flexible and agile approach to manufacturing which will ensure that it is
able to respond rapidly to evolving customer needs. With our investment of over
Rs. 1,100 crore till date and employment generation of over 3,500 between both
our tractor and auto plants, we are significantly invested in the state of
Telangana. While thanking the state government for their encouragement and
support, we look to accelerate development and put Telangana high on the
industrial map of India”.
According to Pravin Shah,
President & Chief Executive, Automotive, Mahindra & Mahindra Ltd, “It
is a moment of pride for us as we inaugurate the extended auto manufacturing
facility, which will manufacture our soon to be launched small commercial
vehicle code named P601. We will work
towards manufacturing some of the best commercial vehicles from our Zaheerabad
plant and help generate employment in and around the plant either directly or
indirectly through our suppliers and other business partners. Infact 6 of our
suppliers are currently setting up plants in the nearby supplier park, with
investments of over Rs. 100 crore. This will further maximise industrial
activities and operational effectiveness, leading to just in time delivery for
optimizing cost”.