Mahindra bets on localisation for its US plant
Mahindra USA is chalking out a plan to set up a greenfield manufacturing facility for tractors in the US in the next 3-5 years as it looks to cater to the growing demand for its products in the country.
The Houston-based entity, a wholly-owned subsidiary of the Mahindra group, gets a majority of parts from across its operations in India, Japan and South Korea and then assembles them to sell in the country.
"It makes sense down the line to have a factory in the US. The numbers are already there to have a factory in the US," Mahindra USA President and CEO Mani Iyer said when asked about expanding operations.
The company will also move to the bigger segment of tractors -- up to 160 hp -- with the setting up of the new facility, he added.