Coming up, Rs 400-crore Mahindra group's Swaraj tractor plant in Mohali : The Tribune India

Join Whatsapp Channel

Coming up, Rs 400-crore Mahindra group's Swaraj tractor plant in Mohali

To be fully operational by next year, will produce 30,000 tractors yearly

Coming up, Rs 400-crore Mahindra group's Swaraj tractor plant in Mohali

Riding on robust demand, Swaraj Tractors, part of the Mahindra group, will set up a Greenfield tractor manufacturing facility at Humayunpur in Mohali district with an investment of Rs 400 crore.



Tribune News Service

Vijay C Roy

Chandigarh, September 2

Riding on robust demand, Swaraj Tractors, part of the Mahindra group, will set up a Greenfield tractor manufacturing facility at Humayunpur in Mohali district with an investment of Rs 400 crore. The expansion is the first in a decade by the world’s largest tractor maker in Punjab.

Spanning over 40 acres, the tractor maker plans to produce 30,000 tractors per annum at the unit initially, which may be expanded further. The new unit is likely to be fully operational by 2023.

Mohali has been home to Swaraj for over four decades with two existing manufacturing plants, a foundry and an R&D facility. In 2007, the Mahindra group acquired Swaraj Division, formerly known as Punjab Tractors Ltd.

“We were scouting for land for the new Greenfield tractor manufacturing plant under the Swaraj brand to cope with the rising demand for tractors. We have already acquired 40 acres at Humayunpur in Dera Bassi tehsil for the purpose and future expansion. Initially, we will start with 30,000 tractors per annum, which can be ramped up further. The new unit will be operational by early 2023,” said Harish Chavan, CEO, Swaraj Division, M&M Ltd.

In the upcoming facility, the company plans to produce a wide range of tractors and farm implements starting from land preparation to post-harvest operations.

“The upcoming state-of-the-art facility will cater to the ever-increasing demand for Swaraj products. The new plant will be designed to set new benchmarks in terms of style, comfort and convenience of the product offerings for our customers. It will also benefit local communities in and around its vicinity as it will create employment and growth opportunities,” he added.

At present, the total tractor manufacturing capacity of Mahindra & Mahindra Farm Equipment Sector, spread across the country, and Swaraj Division of Mahindra & Mahindra Ltd at Mohali is approximately 3,70,000. In the last fiscal, the group sold 3,54,000 tractors.

With a presence in over 50 countries, across six continents, Mahindra and Swaraj have over 14 tractor manufacturing and assembly units worldwide.

The legacy

  • Swaraj Division, formerly Punjab Tractors Ltd, first Indian firm to indigenously manufacture tractors
  • Seeds sown in Central Mechanical Engineering Research Institute, WB, in 1960s as design project
  • Took form of an organisation in Mohali in 1972 with the Punjab Government as the stakeholder

Sales in India

2021-22 8,42,266 units

2020-21 8,99.411 units

Major milestones

1972: Construction starts at Mohali

1974: Commercial production begins

2002: Cumulative sales cross 5L mark

2007: M&M gets majority stake in PTL

2009: Merger of PTL with M&M

Punjab is home to major tractor manufacturers such as Swaraj Tractors (M&M), Sonalika and Preet, having an installed capacity of over four lakh tractors per annum.

About The Author

The Tribune News Service brings you the latest news, analysis and insights from the region, India and around the world. Follow the Tribune News Service for a wide-ranging coverage of events as they unfold, with perspective and clarity.

#dera bassi #Mohali


Top News

B Mahtab takes oath as pro-tem speaker of new Lok Sabha

‘Won’t assist pro-tem Speaker’: Opposition after President administers oath to Mahtab

The opposition INDIA bloc decides to boycott the panel appoi...

What about 10 years of undeclared emergency, Mallikarjaun Kharge reminds PM

What about 10 years of 'undeclared emergency', Mallikarjaun Kharge asks PM

Says even after the moral defeat of the PM, arrogance remain...

11-year-old dies of head injury after toy train 'overturns' at Chandigarh mall

11-year-old dies of head injury after toy train 'overturns' at Chandigarh mall

Police has registered a case under relevant Sections of the ...


Cities

View All