Mahindra & Mahindra Eyes 350-Acre Igatpuri Land Acquisition to Boost Maharashtra Automotive Hub

Industry sources revealed that automotive giant Mahindra & Mahindra has submitted a formal letter of interest to the Maharashtra government, seeking to acquire approximately 350 acres of land in Igatpuri. The move is aimed at strengthening the company's automotive manufacturing ecosystem across the state.

Strategic Land Use Plans Under Evaluation

According to company insiders, the proposed land acquisition would primarily serve as a supplier park and logistics facility to support M&M's existing manufacturing operations in Nashik and Igatpuri. Industry experts noted that this initiative remains in preliminary stages, subject to comprehensive due diligence and regulatory clearances from state authorities.

Aggressive Capacity Expansion Drive Continues

The automaker announced its ongoing expansion strategy, which includes scaling up production capacity at its Chakan facility. Sources close to the development indicated that the company plans to add 2.4 lakh units in the initial phase, pushing total annual capacity to approximately 7.5-7.6 lakh units.

Market analysts highlighted that M&M is also exploring greenfield locations for further expansion beyond 2027, as part of its comprehensive growth roadmap. This aligns with India's industrial smart cities initiative to transform manufacturing infrastructure across the country.

Massive Investment Commitment for Automotive Business

Financial reports revealed that M&M has allocated over ₹27,000 crore for investments in its automotive division during the FY2025-FY2027 period. This substantial capital commitment underscores the company's confidence in India's automotive sector growth potential.

Impact on Regional Industrial Development

Real estate experts noted that this development could significantly boost industrial corridor development in the Mumbai-Nashik region. The proposed supplier park is expected to attract ancillary automotive component manufacturers, creating a robust ecosystem that could enhance local employment opportunities.

Industry observers emphasized that M&M's strategic move reflects the broader trend of automotive companies consolidating their supply chains within specific geographical clusters. This approach mirrors successful industrial smart city models implemented across various manufacturing sectors.

The initiative underscores M&M's commitment to deepening its manufacturing infrastructure while meeting rising automotive demand through enhanced production capacity and streamlined supply chain operations.