M&M plans Rs. 300-cr tractor unit in Telangana.

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.

HBL