The Telangana government on Thursday signed an MoU with Mahindra & Mahindra Ltd for establishing a manufacturing facility, including development and production of electric 3 and 4-wheelers, pertaining to its ‘Last Mile Mobility business’. The MoU was signed on the sidelines of the announcement of Telangana Mobility Valley (TMV), “India’s first new mobility-focused cluster”, at the first edition of Mobility Next Hyderabad Summit, the state government said in a release.<\/p>\n
The state-of-the-art facility from M&M, together with its group companies (“Mahindra Group”), is an expansion of their existing factory in Zaheerabad, and involves an investment of approximately Rs 1,000 crore, creating employment to about 800-1,000 people, it said.<\/p>\n
Mahindra & Mahindra Limited will collaborate with the Telangana government to lay down the roadmap for development of electric vehicle and energy storage systems manufacturing units in the State, it said.<\/p>\n
Telangana Industries Minister K T Rama Rao welcomed the investment from M&M and said, “The proposed facility by M&M will greatly contribute to the goal of Telangana Mobility Valley to further accelerate the growth of sustainable mobility in India. 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.”<\/p>\n
Rajesh Jejurikar, Executive Director (Auto & Farm), Mahindra & Mahindra, thanked the Government of Telangana for their long-standing partnership.<\/p>\n
“We are delighted to consider expansion of the current manufacturing unit at Zaheerabad for our new EV Manufacturing investment. This investment will help continue our leadership position in electric 3-Wheeler category,” the release quoted him as saying.<\/p>\n","protected":false},"excerpt":{"rendered":"
The Telangana government on Thursday signed an MoU with Mahindra & Mahindra Ltd for establishing a manufacturing facility, including development and production of electric 3 and 4-wheelers, pertaining to its ‘Last Mile Mobility business’. The MoU was signed on the sidelines of the announcement of Telangana Mobility Valley (TMV), “India’s first new mobility-focused cluster”, at the first edition of Mobility Next Hyderabad Summit, the state government said in a release. The state-of-the-art facility from M&M, together with its group companies (“Mahindra Group”), is an expansion of their existing factory in Zaheerabad, and involves an investment of approximately Rs 1,000 crore, […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[132],"tags":[],"class_list":["post-554838","post","type-post","status-publish","format-standard","hentry","category-power"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/554838","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=554838"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/554838\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=554838"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=554838"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=554838"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}