M & M to invest Rs 15,00cr for the new project 'U321'

Feb 11 2017 11:40 AM
M & M to invest Rs 15,00cr for the new project 'U321'

India's giant vehicle maker Mahinda & Mahindra Limited is planning to improvise its service quality at its Indian plant, which is situated at Nashik and Igatpuri.

As per the reports, the company will invest nearly Rs 15,00cr in its Nashik and Igatpuri plant to launch its new project 'U321'. Investments are made for different purposes, cash investments at Nashik are to improve 'vehicle manufacturing process', while Igatpuri plant will be invested for 'manufacturing and supply of engine'.

MD of Mahindra and Mahindra Pawan Goenka thanked god for providing efficient goods and proper industrial policies. He said, "Mahindra will continue to play an integral role in the development of not only the region of Nashik but whole of Maharashtra," 

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