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The firm will probably be making a further funding of Rs. 100 crore within the Zaheerabad facility, and plans to double employment within the tractor plant by 2024
Mahindra and Mahindra had already introduced final week that the corporate is all set to hike the costs of its passenger automobiles as additionally Commercial automobiles. Now, the corporate has stated that it’s going to additionally improve the costs of its tractors from January 1, 2021. The firm stated that the worth hike was crucial due to the rise in commodity costs.
The firm has witnessed a powerful progress in its tractor enterprise. In reality, it bought, 31,619 models in November 2020 as in opposition to, 20,414 models throughout November 2019 within the home market witnessing a hike of 55 per cent in gross sales. The firm has been persevering with to see this progress all year long.
Also Read: Mahindra To Invest ₹ 100 Crore In Zaheerabad Facility
The facility at Zaheerabad additionally manufactures the corporate’s next-generation vary of Yuvo and Jivo tractors
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Mahindra has large plans for the tractor enterprise. In reality, it plans to fabricate its new K2 sequence tractors on the firm’s manufacturing facility in Zaheerabad, within the state of Telangana. For the brand new K2 sequence tractors, the corporate will probably be making a further funding of ₹ 100 crore within the Zaheerabad facility, and plans to double employment within the tractor plant by 2024.
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