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Mahindra & Mahindra going to invest Rs 2,000 crore in Tamil Nadu

Mahindra & Mahindra has announced an investment of Rs 2,000 crore in Tamil Nadu.

In a filing to BSE, the company said,”Mahindra & Mahindra Ltd is signing an MoU with the Government of Tamil Nadu wherein it commits to invest Rs 2,000 crore including its investments in Mahindra Research Valley (MRV), a new Test track for MRV and an automotive plant to meet the company’s future needs over the next 5 years.”

“The company could also increase the investment to Rs 4,000 crore by 2022 for which it can decide over the next few years,” it further said.

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