Mahindra Group has announced plans to invest Rs 40,000 crore in Karnataka, with a focus on renewable energy, electric mobility, real estate, aerospace, and tourism. The announcement was made at the Invest Karnataka 2025 summit.
A major portion of the investment, Rs 35,000 crore, will be directed towards renewable energy projects. Mahindra Susten, the group’s renewable energy arm, plans to develop over 5 GW of solar and hybrid energy projects over the next five years. The company estimates that this initiative will generate between 6,000 and 8,000 jobs.
The company’s electric three-wheeler segment will also see further development in Karnataka. Mahindra has filed 60 patent applications, 54 trademarks, and 10 design registrations in this sector. The group’s last-mile mobility efforts, including research, product development, and manufacturing, are already present in the state.
Mahindra Holidays is exploring an investment of Rs 1,000 crore in Karnataka’s tourism sector, targeting locations such as Gokarna and Hampi. The company has suggested that granting industry status to tourism and implementing a single-window clearance system could facilitate further growth in the sector.
In aerospace and defence, Mahindra Defence Services and Mahindra Aerospace are considering investments worth several hundred crore, though specific project details have not been disclosed.
Mahindra Group currently employs over 25,000 people across its businesses in Karnataka, spanning automotive, IT, farm equipment, financial services, and hospitality. The company cited Karnataka’s industrial policies as a factor in its long-term investment plans.