Mahindra & Mahindra will make an additional investment at its Chakan plant in Maharashtra. As part of its expansion plans, the company will invest additional Rs4,000 crore over a 7-year period taking the total investment in Chakan to Rs8,000 crore.

A Joint Declaration was signed recently by Apurva Chandra, Principal Secretary (Industries), Government of Maharashtra and Dr. Pawan Goenka, Executive Director, Mahindra & Mahindra Ltd. in the presence of Prithviraj Chavan, Chief Minister, Government of Maharashtra, and Anand Mahindra, Chairman, Mahindra Group, amongst other dignitaries. 

Discussing the expansion plans, Anand Mahindra, Chairman, Mahindra Group, said, "The Mahindra Group would like to express its deep and sincere gratitude to the Government of Maharashtra for its visionary industrial policies and efficient governance practices. This has prompted us to take the decision to scale up our world class Chakan plant, making Maharashtra a key partner in our growth over the coming years."

Speaking on the occasion, Dr. Pawan Goenka, Executive Director, Mahindra & Mahindra said, "We are delighted to announce the next phase of our expansion plans at Chakan and would like to thank the Govt. of Maharashtra for their continuous and unstinted support. I am sure that with this expansion, Mahindra will continue to play an integral part in the development of not only the region of Chakan but the state of Maharashtra, as well as the Indian auto industry in times to come."

A total of Rs4,000 crore will be utilised towards infrastructure development, product development and capacity expansion for vehicles to be rolled out from the Chakan plant. The Government of Maharashtra has conferred the status of ‘Ultra Mega Project' to this proposed expansion. In addition there will be further investment by suppliers to cater to Mahindra's increased requirement.
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