# MM Forgings to invest ₹200 crore in new EV motor plant in Oragadam

MM Forgings will invest ₹200 crore in a new plant in Oragadam to make traction motors for EVs and auxiliary motors for heavy vehicles.

- Type: New facility
- Announced: 2022-09-01
- Where: Oragadam, India
- Value: $25.0M (2.00B INR)
- Status: announced
- Products: traction motors, auxiliary motors
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [MM Forgings](https://endata.com/companies/65080.md)

## Sources

- [thehindu.com](https://www.thehindu.com/business/mm-forgings-forays-into-ev-space-to-invest-225-crore-in-5-years/article65836587.ece), 2022-09-01: "We will invest ₹200 crore in the new plant that will come up in Oragadam to make traction motors for EV and auxiliary motors for heavy vehicles"

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