State Government confers 'Ultra Mega Project' status to proposed expansion
Mahindra & Mahindra announced that it would make additional investment of Rs 4,000 crore over a seven year period at its Chakan Plant in Maharashtra, thus taking the total investment in Chakan to Rs 8,000 crore.A total of Rs 4,000 crore will be utilised towards infrastructure development, product development and capacity expansion for vehicles to be rolled out from Chakan plant.
The Government of Maharashtra has conferred the status of 'Ultra Mega Project' to this proposed expansion.
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