Mahindra and Mahindra will commence production of tractors next month at its new facility at Zaheerabad in Medak district of Andhra Pradesh.
M&M currently has its automobile plant spread over 343.36 acres of land at Zaheerabad, 136—km from Hyderabad, where its products like UV (Maxx), 3—wheelers (Champion Alfa), Light Commercial Vehicles and buses are manufactured.
It now has employee strength of 641 and a vehicle assembly capacity of 218 vehicles per day.
M&M is investing Rs 300 crore on the new tractor manufacturing facility where it intends to manufacture 90,000 units per annum, providing direct employment to about 2,000 persons.
Briefing newsmen at the end of a meeting with industrialists here this afternoon, AP Major Industries Minister J Geeta Reddy said contrary to claims, the state was witnessing significant growth on the industrial front.
“Of the 115 proposals we have received during the Partnership Summit last January, 10 have already gone into production while another 73 are under implementation.
In fact, AP’s industrial growth rate in 2011—12 stood at 7.33 per cent, as against the national average of 3.95 per cent,” the Minister said.