Priyanka
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Mahindra Group is set to make a significant investment of approximately ₹40,000 crore in Karnataka over the next few years. This announcement was made by Mahindra Group Chairman, Anand Mahindra, during the Invest Karnataka-2025 summit held on Tuesday. The move aims to solidify the company’s long-standing relationship with the state and expand its presence across multiple industries.
Strengthening Ties with Karnataka
During his address at the summit, Anand Mahindra highlighted Mahindra Group’s deep-rooted connection with Karnataka, drawing an analogy from his childhood experiences at the Kodagu coffee plantations. He emphasized that Karnataka has played a crucial role in the company’s growth, with over 25,000 employees currently working across various Mahindra businesses in the state.
"Karnataka is not just a place for business; it is a part of our history and future. Most of our major businesses operate here, and we are committed to further strengthening our presence," he stated.
Key Investment Areas
Mahindra Group's investment plan for Karnataka includes significant projects across multiple sectors:
₹35,000 crore for 5 GW solar and hybrid energy projects
₹1,000 crore for Mahindra Holidays resort expansion
New investments in aerospace, hospitality, real estate, and renewable energy
Expansion of electric vehicle (EV) and last-mile mobility business
Creation of 6,000 to 8,000 New Jobs
The company’s investment is expected to generate between 6,000 and 8,000 jobs, further boosting employment opportunities in the state. Mahindra Holidays, a subsidiary of Mahindra Group, is also planning to expand its resorts in Karnataka to cater to the growing tourism and hospitality sector.
Karnataka: A Key Hub for Mahindra’s EV Ambitions
Karnataka has emerged as a strategic hub for Mahindra’s electric vehicle (EV) business, particularly in the three-wheeler segment. Anand Mahindra highlighted that the company is at the forefront of innovation, with:
60 patent applications
54 trademarks
10 design registrations
"Our last-mile mobility business is deeply embedded in Karnataka, housing key R&D, product development, and manufacturing units. The state is central to our ambition of maintaining leadership in the electric three-wheeler space," he added.
Long-Term Commitment to Karnataka
Anand Mahindra reaffirmed the group’s commitment to Karnataka, stating that the company will continue to explore new investment opportunities in the state. The investments will not only contribute to the state’s economic growth but also support India’s transition toward sustainable energy, innovation, and industrial development.
With its diverse portfolio of businesses, Mahindra Group’s ₹40,000 crore investment in Karnataka is poised to drive long-term economic benefits, job creation, and industrial growth in the region.
