Mahindra USA, Inc. is opening a new technical center in the City of Troy, Michigan. The Mahindra North American Technical Center project is expected to create 112 new jobs.
The technical center will be designing, developing and prototyping complete vehicle designs to facilitate Mahindra & Mahindra‚Äôs expansion into automotive markets worldwide.
Mahindra North American Technical Center, Inc. will operate as wholly owned subsidiary of Mahindra USA, Inc., which in turn is owned by Mumbai, India-based Mahindra & Mahindra.
The new division in Troy will be housed in a recently renovated facility, and the company will invest $2 million to establish the technical center and create the 112 professional and engineering services jobs.
The project was secured with the help of a package of state and local incentives. The¬†Michigan Economic Development¬†Corporation has approved a $500,000 performance-based grant for the project under the Michigan Business Development Program.
The City of Troy is additionally offering local incentives in the form of nine-year personal property tax abatement.
Mahindra Group Chairman Anand Mahindra said that Michigan has provided them with the perfect eco-system for stepping up their U.S. presence. He said they were able to draw on Michigan‚Äôs terrific automotive engineering and manufacturing talent to create industry leading initiatives for the U.S.
Michigan Economic Development¬†Corporation President and CEO Michael A. Finney said that Governor Snyder‚Äôs hands-on involvement in meeting with Mahindra executives was persuasive in their efforts to demonstrate Michigan‚Äôs singular advantages as a place for locating a business.
Gov. Snyder also gave welcoming remarks at an inauguration event last week for the company‚Äôs GenZe scooter facility in Ann Arbor.
Back in December, the MEDC had announced another $300,000 grant in support of Mahindra‚Äôs GenZe electric scooter manufacturing project in Ann Arbor where the company is investing $2 million and creating 34 new jobs.
Finney added that Mahindra is a global leader with diverse operations spanning industries such as automotive, financial services, aerospace and agri-business, and said they thank this world-class company for choosing to expand in Michigan.
Mahindra & Mahindra is a $16.7 billion multinational group with more than 180,000 employees in over 100 countries. Mahindra USA, which first established its presence in the United States in 1994, has focused for the last 20 years on manufacturing and distributing tractors and other farming equipment.