New Delhi, February 12 Mahindra & Mahindra announced on Thursday that it will invest around ₹196 crore to expand its research and development facility based in Chennai.
The Mumbai-based auto major stated that it is committing this investment, which is aimed at enhancing the capabilities of Mahindra Research Valley (MRV) to support advanced vehicle design, product engineering, and future technology developments.
"This marks a significant step in our commitment to enhancing R&D and focusing on 'Make in India'. The fresh investment in the facility will strengthen the company's engineering and testing capabilities in the region, and it will reinforce Chennai's role as a strategic hub for research and innovation," the automaker said in a statement.
The facility is expected to be operational within this calendar year, it added.
The Advanced Research & Development Centre and new testing infrastructure are expected to provide enhanced capabilities for next-generation platforms across multiple vehicle segments, it stated.
"This expansion underscores our long-term commitment to advancing product engineering capabilities in India, enhancing global competitiveness, and leveraging cutting-edge technology to deliver superior products to customers worldwide," said M&M President, Automotive Business, R Velusamy.
Supported by Tamil Nadu's robust industrial ecosystem and talent base, MRV will continue to serve as Mahindra's global hub for innovation, excellence in engineering, and future-ready mobility solutions, he added.