Having already put in almost Rs 1,087 crore into its plant in Zaheerabad, in Telangana, the Mahindra Group is all set to pump in an additional Rs 100 crore and double its workforce by 2024. The Company is gearing up to manufacture a new series of tractors, called ‘K2’, for which it will need additional employees.
The plant already has 1,500 workers, working in two shifts, churning out more than one lakh tractors a year. For this new light-weight tractor model, Mahindra has collaborated with the engineers of Mitsubishi Mahindra Agricultural Machinery of Japan and Mahindra Research Valley of India.
With the K2 series the Mahindra Group will offer products across the compact, sub compact, small utility and large utility tractor categories, covering 37 models. It will cater to customers in India, as well as in Southeast Asia, Japan and the US.
Set up in 2012, the Zaheerabad plant is the Group’s most recent plant, but ranks top in terms of capacity. This plant manufactures the ‘Yuvo’ and ‘Jivo’ tractors, including the recently introduced ‘Plus Series’ of tractors.
It is at this plant in Telangana that the Rice Transplanters and Tractor Mounted Combine Harvesters are also produced. In addition to farm equipment, the Automotive Division also manufactures a range of cargo and passenger vehicles at Zaheerabad plant.