Mahindra & Mahindra will set up an electric vehicle manufacturing facility as expansion of its existing manufacturing facilities at Zaheerabad in Telangana.
Mahindra & Mahindra, a leading automotive company, will manufacture electric 3 and 4 wheelers at this facility.
Telangana government signed an MoU with Mahindra & Mahindra for establishing a manufacturing facility on the sidelines of the first edition of Mobility Next Hyderabad Summit.
The government said on Thursday that the facility will involve an investment of about Rs 1,000 crore, creating employment for about 800-1,000 persons.
“Location at Zaheerabad, one of the 4 Mega EV Manufacturing clusters being developed by the state, will allow M&M to access state-of-the-art infrastructure planned to be created by the state in the mega clusters,” Industries Minister K. T. Rama Rao said.
“This investment will help continue our leadership position in electric 3-Wheeler category,” Rajesh Jejurikar, Executive Director (Auto & Farm), Mahindra & Mahindra, said.