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Monday, May 12, 2014
Mahindra USA, Inc. is opening a new technical center in the City of Troy with support from the Michigan Strategic Fund, the Michigan Economic Development announced today.
LANSING, Mich. – Mahindra USA, Inc. is opening a new technical center in the City of Troy with support from the Michigan Strategic Fund, the Michigan Economic Development announced today. 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 MEDC 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 North American Technical Center, Inc. is a wholly owned subsidiary of Mahindra USA, Inc. Mahindra USA, Inc. is owned by Mahindra & Mahindra, Ltd., a Mumbai, India-based publicly owned conglomerate. Mahindra North American Technical Center will design, develop and prototype complete vehicle designs to facilitate Mahindra & Mahindra’s expansion into automotive markets worldwide. The company is opening this new division in the City of Troy and has recently located into a newly renovated facility that will provide the necessary infrastructure to accomplish these activities. The company plans to invest nearly $2 million and create up to 112 new professional and engineering services-related jobs, resulting in a $500,000 Michigan Business Development Program performance-based grant. The City of Troy has offered a nine-year personal property tax abatement. For information on employment with Mahindra USA visit, http://mahindrausa.com/.
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. 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,” said Anand Mahindra, Chairman, Mahindra Group. “The North American Technical Center and GenZe represent important disruptive product incubators for the Mahindra Group. Constant innovation focused on improving the lives of our consumers, employees and the communities they impact is at the core of Mahindra’s ‘Rise’ philosophy and we are delighted to see this come to fruition in the United States.”
A $16.7 billion multinational group based in Mumbai, India, Mahindra employs more than 180,000 people in over 100 countries. Mahindra operates in the key industries that drive economic growth, holding a leadership position in tractors, utility vehicles, information technology, and vacation ownership. In addition, Mahindra maintains a strong presence in the agribusiness, aerospace, components, consulting services, defense, energy, financial services, industrial equipment, logistics, real estate, retail, steel, commercial vehicles and two wheeler industries.
“Governor Snyder’s hands-on involvement in meeting with Mahindra executives was persuasive in our efforts to demonstrate Michigan’s singular advantages as a place to locate a business,” Finney said. “The opening of these facilities will further strengthen Mahindra’s Michigan presence and provide additional high paying jobs for years to come.”
About Michigan Economic Development Corporation (MEDC)
The Michigan Economic Development Corporation is the state’s marketing arm and lead advocate for business development, job awareness and community development with the focus on growing Michigan’s economy. For more information on the MEDC and our initiatives, visit www.MichiganBusiness.org. For Pure Michigan® tourism information, your trip begins at www.michigan.org. Join the conversation on: Facebook Instagram LinkedIn, and Twitter.
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