Andhra breaks jinx, looks to attract more auto majors
Hyderabad: Japanese auto giant Isuzu's agreement to set up a manufacturing plant has finally brought some cheer to Andhra Pradesh, desperately looking for carmakers for nearly two decades, most of whom have set up shop in neighbouring Tamil Nadu.
The state believes Isuzu's plant finally breaks the jinx haunting it ever since the Volkswagen scandal in 2005.
With Mahindra & Mahindra recently commissioning its tractor plant at Zaheerabad in Medak district and Isuzu signing an MoU to establish the unit in Nellore, the government hopes to build an eco-system to attract more automotive majors like its neighbouring states.
Mahindra & Mahindra commissioned Asia's biggest tractor plant with a capacity of 100,000 units a year. This unit has come in the same town where the company took over loss-making Allwyn Nissan in 1989 and currently produces 70,000 various types of vehicles annually.
For the tractor plant, said to be the largest in Asia, M&M is setting up a suppliers park over 100 acres of land allotted by the government. Industries Minister J. Geeta Reddy said M&M would also set up a four-wheeler unit in Medak.