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Mahindra to invest ₹15,000 cr in Maharashtra plant

Mahindra & Mahindra (M&M) is set to invest ₹15,000 crore to establish India’s largest integrated automobile and tractor manufacturing facility in Nagpur, Maharashtra. The announcement came at the Advantage Vidarbha investment summit, underlining the region’s growing importance as a hub for industrial development.

The new facility will span 1,500 acres, complemented by a 150‑acre supplier park in Chhatrapati Sambhajinagar (Aurangabad). The park will supply parts to the Nagpur plant and other Mahindra factories in Chakan and Nashik, boosting local supply chains and production efficiency.

Production at the Nagpur plant is expected to begin in 2028. Once operational, it will have the capacity to manufacture more than 5 lakh vehicles and 1 lakh tractors every year, making it the largest such integrated plant in the country.

The plant will be equipped to handle internal combustion engines, electric vehicles, and future mobility technologies, supporting Mahindra’s NU_IQ platform and other next-generation vehicle architectures.

In addition, Mahindra is acquiring over 2,000 acres across three locations in Maharashtra, including land in the Igatpuri-Nashik region, to expand engine production and other advanced manufacturing capabilities.

Officials highlight that the Nagpur location offers strong logistical advantages, with access to the Samruddhi Expressway and major rail links, facilitating the movement of vehicles and components across India and overseas markets.

The project is expected to generate substantial employment opportunities and contribute to the economic development of Vidarbha and nearby areas. Maharashtra’s government has welcomed the investment, describing it as a significant boost to the state’s industrial ecosystem.

This ₹15,000 crore investment is a major step in Mahindra’s long-term manufacturing strategy, reinforcing its commitment to India’s “Make in India for the World” initiative while positioning the company for growth in both domestic and international markets.

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Corporate

Mahindra, Manulife launch 50:50 life insurance joint venture

Mahindra & Mahindra Ltd. (M&M) and Canadian insurer Manulife Financial Corporation have agreed to form a life-insurance joint venture in India, with each holding a 50 % stake. The venture is still subject to regulatory approvals from the Insurance Regulatory and Development Authority of India (IRDAI).

The companies plan a total investment of up to ₹3,600 crore over the next 10 years, with about ₹1,250 crore from each partner in the first five years. The JV will focus on long-term savings and protection products for individuals, combining Manulife’s global insurance experience with M&M’s strong rural and semi-urban network.

The partnership targets India’s growing life-insurance market, especially in areas where financial penetration is low. The venture is expected to start operations within 15–18 months and may take 10–12 years to break even.

India’s life-insurance sector has been growing steadily, with new business premiums for individual policies rising 12.1 % year-on-year in October 2025, highlighting a strong demand for insurance products across the country.

This collaboration also aligns with India’s broader goal of increasing insurance penetration nationwide, offering financial protection and long-term savings solutions to a larger population.

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