Mahindra & Mahindra Ltd.’s Farm Equipment Sector (FES), a part of the USD 19.4 billion Mahindra Group said that it will launch a new tractor series called the ‘K2’, exclusively at the company’s tractor manufacturing facility at Zaheerabad in Telangana.
Developed through close collaboration between the engineering teams from Mitsubishi Mahindra Agricultural Machinery of Japan & Mahindra Research Valley, India, the K2 series aims to create a light-weight tractor program for both domestic as well as international markets. The new series will enable Mahindra to introduce products across 4 new tractor platforms, in the Sub Compact, Compact, Small Utility and Large Utility tractor categories, covering 37 models across various HP points. The new series will cater to domestic as well as International markets including USA, Japan, and South East Asia.
Minister for IT, Industries, MA & UD, Government of Telangana, KT Rama Rao said “Government of Telangana is very grateful to Mahindra for their new investment in the state. K2 tractors have been designed in collaboration with Mitsubishi & their manufacturing in Mahindra‘s plant in Zaheerabad would be a matter of great achievement for the entire country. One of the most remarkable features of Telangana‘s investment landscape over the last six years is a series of repeat investments by our existing investors. The new investment by Mahindra is one such example. This goes on to show that existing investors find the policy is working on the ground, and the going to be good, leading them to invest continuously”.
Executive Director, Automotive & Farm Equipment Sector of M&M, Rajesh Jejurikar said “As the world’s largest tractor manufacturer by volume, Mahindra is on an exciting path to develop the K2 series, one of our most ambitious tractor programs. This project is focused on diversity & scalability, to meet the varied expectations and different regional requirements of customers and markets across the world. Our Zaheerabad facility which has always received tremendous support from the Government of Telangana is very well equipped to meet this challenge and we hope to substantially improve employment opportunities through this project”.
It must be noted that established in the year 2012, Zaheerabad is Mahindra’s youngest & largest tractor manufacturing plant in terms of capacity. It also manufactures the company’s next-generation range of Yuvo and Jivo tractors, including the recently launched Plus Series of tractors.
At present, Mahindra is the only tractor manufacturer in Telangana that has invested around Rs. 1,087 crores at its facility in Zaheerabad.
