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The new unit, for which sites have been identified in two states, would be utilised for a range of M&M as well as Mahindra-Renault products.
Updated : Sep 14, 2017, 03:56 PM IST
The new manufacturing unit, for which sites have been identified in two states, would be utilised for a range of M&M as well as Mahindra-Renault products.
The pact signals expansion of their existing joint venture to introduce the
However, the JV partners did not specify how much they would be investing in the
The production site, which would function as part of an entity separate from the Mahindra-Renault JV, would include a vehicle assembly plant shared between the two partners.
Production is expected to begin mid-2009 with an initial installed production capacity of 300,000 vehicles per year. The capacity is expected to be scaled up to half a million units in five years. Renault also plans a power-train factory.
"The success of this partnership is scripted within the
"Besides, the strengths of Mahindra and Renault will go a long way in making