Never miss a great news story!
Get instant notifications from Economic Times
AllowNot now


You can switch off notifications anytime using browser settings.

Industry

LATEST NEWS

    Portfolio

    Loading...
    Select Portfolio and Asset Combination for Display on Market Band
    Select Portfolio
    Select Asset Class
    Show More
    Download ET MARKETS APP

    Get ET Markets in your own language

    DOWNLOAD THE APP NOW

    +91

    CHOOSE LANGUAGE

    ENG

    • ENG - English
    • HIN - हिन्दी
    • GUJ - ગુજરાતી
    • MAR - मराठी
    • BEN - বাংলা
    • KAN - ಕನ್ನಡ
    • ORI - ଓଡିଆ
    • TEL - తెలుగు
    • TAM - தமிழ்
    Drag according to your convenience
    ET NOW RADIO
    ET NOW
    TIMES NOW

    Mahindra opens Detroit's 1st car making plant in 25 years

    PTI|
    Updated: Nov 21, 2017, 02.15 AM IST
    0Comments
    In few weeks from now, the new facility will produce an off-highway vehicle which will extend Mahindra's current position in this growing segment.
    In few weeks from now, the new facility will produce an off-highway vehicle which will extend Mahindra's current position in this growing segment.

    India's automobile giant Mahindra today opened its new manufacturing plant with an investment of USD 230 million in the world's car capital Detroit which got its first automotive production facility in 25 years.

    The new plant will create 250 new jobs in the US.

    "It is pretty rare and extraordinary," said Michigan Lieutenant Governor Brian Calley at the Mahindra automotive plant launch event in Detroit metropolitan area.

    "You are an important and vital part of the resurgence of Detroit," he told Mahindra employees and top officials including its head Anand Mahindra.

    Mahindra said that his company is committed to growing the Mahindra brand in North America and Michigan.

    "This building opening represents our company's growing presence in North America and locally in the Metro Detroit area where we have tripled our workforce during the past 18 months," he said.

    In few weeks from now, the new facility will produce an off-highway vehicle which will extend Mahindra's current position in this growing segment.

    Designed and engineered by Mahindra Automotive North America (MANA), the vehicle promises to be unlike anything currently on the market, he said.

    "This expansion represents a milestone for us and for Michigan. We started this operation with seven people four years ago -- to be crossing the 250 mark is a testament to the hard work of our employees and what this region has to offer in terms of top automotive talent," said MANA president and CEO Richard Haas at the inaugural event.

    By 2020, additional planned projects will result in 400 more jobs and another USD 600 million in local investment over that same period.

    In addition, MANA will continue to provide Metro Detroit- based engineering support for new vehicle platform development for India and global markets.

    "It is a great day for my district and my State as this is the first automotive manufacturing facility in 25 years. This comeback is real and exciting," said Congressman Dave Trott adding that Southeast Michigan is the birthplace of automotive industry.

    "This illustrates the strong partnership between the Us and India," said Tom Vajda, the Acting Assistant Secretary of State for South and Central Asia as he welcomed the Mahindra automotive plan in Detroit region.

    Mahindra has in total 30 facilities having invested about USD 1 billion in the US and providing employment to some 30,000 people, Vajda said as he praised the contribution of Mahindra in American economy and strengthening India-US relationship.
    0Comments

    Also Read

    Mahindra & Mahindra showcases driverless tractor

    Mahindra & Mahindra launches new model of KUV100

    Mahindra & Mahindra to hire 300 graduates from campuses

    Buy Mahindra & Mahindra Financial Services, target Rs 470: Pritesh Mehta

    Mahindra and Mahindra for holistic approach to retain leadership in UV market

    Comments
    Add Your Comments

    Loading
    Please wait...