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The automotive major Mahindra & Mahindra has expressed its plans to set up a Rs 300-crore tractor unit at Zaheerabad in Medak district of Telangana.
A high-powered delegation headed by the company Chief Executive Officer Pravin Shah met Telangana Chief Minister K Chandrasekhar Rao on Saturday and is said to have outlined their plan for the Rs 300-crore project to manufacture the Dhruv range of tractors.
The company plans to set up the unit adjacent to the existing manufacturing unit in the State.
During the interaction, the company is learnt to have sought VAT and other concessions and facilities in line with the State norms.
The State Chief Minister has assured them of all necessary support.
The M&M team also expressed its interest to provide commuters on the Hyderabad metro last mile connectivity once the project gets operational. They also want to introduce electric vehicles in the city seeking the State Government’s support and rebate, according to Government sources.
The Chief Minister's Office released snaps of the meeting.
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