M&M to set up a new tractor plant, scouting for land in Punjab, elsewhere
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Synopsis
According to people in the know, the new tractor plant is expected to have a minimum capacity of 50,000 units a year. The exact quantum of investment is yet to be defined as the company is deliberating over what operations to outsource or manage internally.
Agencies
M&M said Punjab is its preferred location for a new tractor plant. However, it said it’s in talks with a few others as well without naming any state. (Company Image)
Mahindra & Mahindra, the country’s largest tractor maker, is scouting for land in Punjab, and some other states to set up a new manufacturing facility to meet future demand as its existing plants are operating over 100% capacity.