A specialist in the production of SUVs, Mahindra & Mahindra (M & M) will invest millions of dollars in the United States in the construction of a new automobile plant, although it postpones investments in India, where the automotive sector is experiencing a downturn.
A subsidiary located in Mumbai, Mahindra Automotive North America (MANA) signed a letter of intent in the first week of August from RACER Trust on the establishment of a plant in Michigan.
According to industry estimates, M & M would have to pour $ 1 billion into a new plant. In turn, in India M & M postponed investments and reduced 1500 temporary jobs since April.
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American production facility, which will probably appear in Buick city, flint, will produce commercial truck, SUV ROXOR, and a number of other cars Mahindra – recently Vice-President, marketing, Mahindra Automotive North America rich Ansell.
About 2000 new jobs will be created in the first stage, and then in subsequent rounds will be created more, said the Indian automaker in a recent statement.