Mahindra Group has announced plans to invest nearly ₹40,000 crore in Karnataka over the coming years, Chairman Anand Mahindra revealed at the Invest Karnataka 2025 summit. The investment will drive growth in renewable energy, mobility, aerospace, real estate, and hospitality, reinforcing the state’s role as a key industrial hub.
A significant portion of the investment—₹35,000 crore—will be directed towards Mahindra Susten’s solar and hybrid energy projects, with a goal of developing over 5 GW of capacity. This initiative is expected to create between 6,000 and 8,000 jobs.
Mahindra Holidays, which already operates several resorts in Karnataka, is exploring expansion in destinations like Gokarna and Hampi. “We plan to invest an additional ₹1,000 crore and are in discussions with the government, particularly on land aggregation,” Mahindra said.
Karnataka is also central to Mahindra’s leadership in electric three-wheelers (E3W). The group has established a strong presence in last-mile mobility with extensive research, product development, and manufacturing capabilities in the state. This includes 60 patent applications, 54 trademarks, and 10 design registrations.
In real estate, Mahindra Lifespaces is working on projects worth over ₹5,000 crore in Bengaluru and plans to launch additional developments worth ₹6,000 crore. These projects focus on net-zero energy and waste-efficient homes.
Anand Mahindra, reflecting on his deep-rooted connection with Karnataka, shared valuable lessons drawn from his childhood experiences in Kodagu, where his family cultivated a coffee plantation. These lessons have significantly influenced his business philosophy and approach. He emphasized the importance of strong foundations, likening them to the deep roots of coffee plants. Just as thriving plantations require a firm base, businesses must be built on solid relationships and long-term commitments. Mahindra highlighted Mahindra Group’s deep ties with Karnataka, where its diverse businesses—spanning automotive, IT, farm equipment, and financial services—employ over 25,000 people, reinforcing the group’s long-standing commitment to the state.
He also underscored the importance of support and nurturing, drawing a parallel between coffee plants flourishing under the protective shade of larger trees and businesses thriving in a favorable ecosystem. Mahindra acknowledged Karnataka’s progressive policies, such as the ‘New Industrial Policy’ and the ‘GCC Policy,’ which have created a pro-business environment that enables companies to grow and innovate. This supportive infrastructure has been instrumental in fostering the Mahindra Group’s expansion across various industries in the state.
Lastly, Mahindra highlighted the value of patience and a long-term vision, a lesson ingrained in him through the slow yet rewarding process of coffee cultivation. Just as plantations take years to yield results, sustainable business growth demands perseverance and foresight. He related this to Mahindra Group’s strategic investments in Karnataka’s renewable energy, aerospace, hospitality, and real estate sectors, all of which reflect the company’s belief in long-term value creation and sustainable development.
“The lessons from the coffee plantation have guided our approach to business,” Mahindra said. “With deep roots in Karnataka, the state’s support, and our faith in long-term growth, we are confident about our future here.”
Established in 1945, the Mahindra Group is a globally recognized multinational federation of companies, employing 260,000 people across more than 100 countries. The group holds a leadership position in various sectors, including farm equipment, utility SUVs, information technology, and financial services in India. Notably, it is the world’s largest tractor manufacturer by volume. Beyond these core businesses, Mahindra has a significant presence in renewable energy, agriculture, logistics, hospitality, and real estate, further strengthening its diverse portfolio.
With a strong commitment to sustainability and social responsibility, the Mahindra Group is dedicated to leading the way in Environmental, Social, and Governance (ESG) practices on a global scale. The company focuses on enabling rural prosperity, enhancing urban living, and fostering positive change in the lives of communities and stakeholders. Through its “Rise” philosophy, Mahindra continues to drive meaningful progress and innovation, shaping a better future for all.
