# Mahindra to invest Rs 100 crore and double workforce at Zaheerabad tractor plant

Mahindra Group will invest an additional Rs 100 crore in its Zaheerabad, Telangana plant to manufacture the new K2 series of tractors, doubling the workforce to 3,000 by 2024.

- Type: Expansion
- Announced: 2020-11-19
- Where: Zaheerabad, Telangana, India
- Value: $13.5M (100.0M INR)
- Jobs: 1,500
- Starts operating: 2024
- Status: announced
- Products: K2 series tractors, Yuvo tractors, Jivo tractors, Rice Transplanters, Tractor Mounted Combine Harvesters
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Mahindra Group](https://endata.com/companies/25618.md)
- [Mitsubishi Mahindra Agricultural Machinery](https://endata.com/companies/51324.md) (partner)
- [Mahindra Research Valley](https://endata.com/companies/51325.md) (partner)

## Sources

- [hrkatha.com](https://www.hrkatha.com/news/mahindra-to-create-1500-jobs-in-4-years/), 2020-11-19: "The Company is gearing up to manufacture a new series of tractors, called ‘K2’, for which it will need additional employees."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.