According to a regulatory filing, Mahindra & Mahindra has signed an agreement with the government of Telangana to invest Rs 1,000 crore in its existing plant in the state.
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Mahindra's Zaheerabad plant will be expanded under this MoU, to include a manufacturing facility for electric two and three wheeler vehicles.
As part of the pact, the state government will support Mahindra & Mahindra for securing all necessary approvals.
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