Mahindra to invest Rs 8,000 cr in Maha plants
Investment was announced by the company in 2014
 "Mahindra to invest Rs 8,000 cr in Maha plants")
Utility and tractor major Mahindra & Mahindra plans to invest Rs 8,000 crore in its automotive plants over a period of seven years as part of its expansion plans.
"The investment will be utilised towards infrastructure development, product development and capacity expansion," said the Mumbai-basde company in a regulatory filing.
A memorandum of understanding was signed by Apurva Chandra, principal secretary (industries), Government of Maharashtra and Pawan Goenka, executive director, M&M.
This investment was announced by the company in 2014 and involves the Phase 2 of expansion of the Chakan plant. The company also has three other plants in the state, in Igatpuri, Nashik and Kandivali (Mumbai).