Mahindra to invest INR 40 billion in Chakan plant, doubling production capacity to 750,000 units annually  [ India ]

Mahindra & Mahindra announced on August 28 that it would make an additional investment at its Chakan plant in Maharashtra. The company will invest INR 40 billion over a 7-year period taking the total investment in Chakan to INR 80 billion. INR 40 billion will be utilized towards infrastructure development, product development and capacity expansion for vehicles. It plans to double the produ...