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BRIEF-Mahindra & Mahindra to invest 15 bln rupees in Nasik project
February 10, 2017 / 10:11 AM / 10 months ago

BRIEF-Mahindra & Mahindra to invest 15 bln rupees in Nasik project

Feb 10 (Reuters) - Mahindra and Mahindra Ltd:

* Says Mahindra to invest Rs. 1,500 crore in Nasik project for next phase of expansion

* Project constitutes development and manufacture of new product codenamed U321, covering joint investment at Nasik and Igatpuri

* Projects will qualify as ‘ultra mega project’

* Investment in the Nasik plant towards manufacture of vehicles, while investment in the Igatpuri plant will be for manufacture and supply of engines Source text: bit.ly/2kW7zKJ Further company coverage:

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