MIDC regional officer Manohar Pote and chief engineer Rajesh Zanjal handed over possession to Vinay Khanolkar, chief operating officer of Mahindra’s automotive division, Nitin Vaidya, plant head of the Nagpur project, and Ashish Sodte. Kapil Chandrayan, chief executive officer of Association for Industrial Development (AID), which helped facilitate the land transfer, was also present.
Nagpur: Mahindra & Mahindra has taken possession of 800 acres in the Additional Butibori industrial area for an automobile and tractor manufacturing hub involving an investment of over ₹15,000 crore.
Production at the greenfield facility is scheduled to begin in 2028.
Once fully operational, the integrated facility will have an annual manufacturing capacity of over five lakh vehicles and one lakh tractors, according to the company’s plans.
The Maharashtra Industrial Development Corporation (MIDC) handed over the land on Monday, within six months of the signing of an MoU at Advantage Vidarbha 2026. The project is expected to generate more than 20,000 direct jobs. The company has paid MIDC more than ₹706 crore for the 800-acre parcel. It has been allocated 1,500 acres in total, with possession of the remaining 700 acres expected to be handed over later. Company: Mahindra & Mahindra Ltd Investment commitment: More than ₹15,000 crore You Can Also Check: Gold Rate in Nagpur | Silver Rate in Nagpur | Bank Holidays in Nagpur | Public Holidays in Nagpur | Petrol Price in Nagpur | Diesel Price in Nagpur | CNG Price in Nagpur | LPG Price in Nagpur
The project is expected to give a major boost to the region’s industrial growth and employment generation,” Chandrayan said. “Completing the land transfer within six months of the MoU marked a major step towards creating a favourable environment for industrial investment in Vidarbha.