LANSING — Mahindra USA Inc. is opening a new technical center in the Troy with support from the Michigan Strategic Fund. The project will generate a total capital investment of $2 million and create 112 jobs.
“Mahindra is a global leader with diverse operations that span industries such as aerospace, agri-business, automotive and financial services, and we thank this world-class company for choosing to expand in Michigan,” said Michigan Economic Development Corp. President and CEO Michael A. Finney. “Mahindra’s commitment demonstrates Michigan’s leadership as a center of engineering, research, design and technical innovation with a business climate that enables their success.”
Mahindra will design, develop and prototype complete vehicle designs to facilitate the company’s expansion into automotive markets worldwide. The new new division is located in a newly renovated facility. Troy has offered a nine-year personal property tax abatement to the company.
Gov. Rick Snyder gave welcoming remarks on May 9 at an inauguration event of the technical center and the company’s GenZe facility in Ann Arbor, where the company is investing $2 million and creating 34 jobs related to scooter manufacturing. In December, the Michigan Strategic Fund supported the project with a $300,000 Michigan Business Development Program performance-based grant.
“Michigan provided us the perfect eco-system to step up our U.S. presence,” said Anand Mahindra, chairman. “We were able to draw on the terrific automotive engineering and manufacturing talent available in the state, to create industry leading initiatives for the United States.”
A $16.7 billion multinational group based in Mumbai, India, Mahindra employs more than 180,000 people in over 100 countries.