Mahindra & Mahindra has expressed interest in acquiring a 350-acre land parcel in Igatpuri, Maharashtra, as part of its ongoing strategy to expand its automotive ecosystem in the region. The Mumbai-based automaker has submitted a formal letter of interest to the Maharashtra government for the potential acquisition, according to company sources.
The automaker already operates manufacturing facilities in Nashik and Igatpuri. M&M executives indicated that the new land parcel could complement these plants by serving as a feeder facility for existing operations. The proposed site is expected to support multiple functions, including the development of a supplier park or other operational requirements for the Nashik and Igatpuri manufacturing units.
Rajesh Jejurikar, Executive Director and CEO for the automotive and farm sectors at M&M, confirmed that the company has submitted a letter of interest for the 350-acre land in Igatpuri as part of its broader ecosystem. The parcel is intended for multiple purposes, including setting up a supplier park or additional facilities to support operations at the Nashik and Igatpuri plants.
Officials highlighted that the proposal is still at a preliminary stage. The company will need to complete due diligence and obtain multiple internal and regulatory approvals before finalising the land acquisition. The expression of interest represents the company’s intent, but the full approval process remains pending.
The company is also focusing on increasing production capacity at its Chakan plant. According to Nalinikanth Gollagunta, CEO of M&M’s Automotive Division, the first phase of expansion will increase the plant’s annual production capacity by approximately 2.4 lakh units, bringing the total capacity to 7.5–7.6 lakh units per year.
M&M has further indicated plans to explore greenfield locations to expand production beyond 2027, reinforcing its long-term growth strategy. Between FY25 and FY27, the company intends to invest over ₹27,000 crore in its automotive business, spanning production capacity augmentation, technology upgrades, and infrastructure development.
The potential acquisition aligns with Mahindra’s broader objective to strengthen its manufacturing ecosystem and supply chain efficiency in Maharashtra. The establishment of a supplier park near existing plants could reduce logistics costs, enhance operational integration, and support the company’s long-term growth targets in both automotive and farm equipment sectors.
This move also reflects a continued trend among Indian automakers to secure large land parcels near operational hubs to accommodate future expansions, new product lines, and ancillary manufacturing units.
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