Mahindra & Mahindra To Invest INR 1,000 Crore in Electric Vehicle Plant in Telangana

Sakshi Agrawal Feb 11, 2023 0

Auto giant, Mahindra & Mahindra (M&M), has announced plans to invest INR 1,000 crore in setting up an electric vehicle (EV) manufacturing facility in Telangana.

Indian automaker, Mahindra & Mahindra, invests INR 1,000 crore to establish an electric vehicle manufacturing plant in Telangana. The facility, located at Zaheerabad plant in Medak district, will produce last-mile mobility solutions, including electric three and four-wheelers.

M&M will make the investment, spread over eight years, through the company or a related company, following the signing of a memorandum of understanding (MoU) with the Telangana government. The expansion is expected to create 800-1,000 new jobs at Zaheerabad, where the company already produces tractors.

Industries Minister KT Rama Rao recognizes the contribution of M&M’s investment to Telangana Mobility Valley (TMV), a new initiative aimed at boosting sustainable mobility in India. Zaheerabad’s location, within one of Telangana’s four mega EV manufacturing clusters, offers M&M access to state-of-the-art infrastructure.

Rajesh Jejurikar, Executive Director of Auto & Farm at M&M, expresses excitement about the Zaheerabad expansion, saying it will solidify the company’s position as a leader in the 3-wheeler category of electric vehicles.

M&M and the Telangana government will work together to develop a roadmap for EV and energy storage systems (ESS) manufacturing in the state. The size of the investment makes the EV manufacturing project eligible to be considered a mega project under Telangana’s EV investment policy.

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Disclaimer: The information contained herein has been compiled or arrived at, based upon information obtained in good faith from sources believed to be reliable. All such information and opinions can be subject to change. The image featured in this article is for representation purposes only and does not in any way represent the project. If you wish the article to be removed or edited, please email

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