M&M inaugurates three-wheeler plant at Haridwar

Our Corporate Bureau
09 December 2005

Mumbai: Uttaranchal chief minister N D Tiwari inaugurated Mahindra & Mahindra''s three-wheelers plant at Haridwar. The plant is M&M''s fifth full-scale automotive plant.

The other Mahindra plants are located in Mumbai, Nashik, Igatpuri and Zaheerabad. The Haridwar plant has been set up primarily to manufacture three-wheelers of different range and load capacities requirements of the market in the region and availability of skills and vendor base.

Inaugutrating the plant the chief minister, said, "Mahindra''s plant will promote engineering skills, industrial culture, fruitful engagement of manpower, direct and indirect employment, work ethics and prosperity in the region, which is quite in line with the government''s vision of development for Uttaranchal."

Anand Mahindra, vice chairman and managing director, M&M, said, "We are looking at a three-fold strategy here. Primarily, the plant is intended to give a fillip to our three-wheeler business. Two, Uttaranchal offers attractive benefits in terms of quick clearances, efficient state machinery and skilled work force.

"Uttaranchal is a young but fast-growing state with a progressive chief minister and a forward thinking bureaucracy. This plant and our tractor operations in Rudrapur will add momentum to the industrial growth of the state. Finally, the plant is in line with our efforts to continuously update our capacities to fuel Mahindra''s growth."

Investments have been carefully controlled to economise on manufacture costs. M&M envisages substantial outsourcing to control cost, promote effective supply chain, reduce overheads and simplify operations.