Pune, Aug 27, 2015: Investing Rs. 700 Cr. in Commercial Vehicle Business to develop new ICVs and LCVs
- To become a complete CV range player within a span of two years
- Undertaking rapid expansion of its after sales network with 66 3S dealerships, 90 Authorized Service Centres, 2516 Roadside Assistance service points and a Retail Spares network of 1322 outlets already in place and expanding
- All set to cash-in on the green shoots of Indian CV industry
Mahindra Truck and Bus Division (MTBD), a part of the USD 16.9 billion Mahindra Group, today announced the roll out of its 15,000 thheavy commercial vehicle (HCV) from thestate-of-the-art plant in Chakan, Maharashtra. In addition, the company also reached a sales milestone of 125,000 light commercial vehicles (LCVs) on Indian roads.
As part of its plan to put the commercial vehicle business on a growth trajectory, the company is investing Rs. 700 crore to develop new ICVs and LCVs. With a portfolio ranging from 3.5 T to 49 T, Mahindra Truck and Bus Division is set to become a full range CV player within the next 2 years.
Speaking on the occasion, Nalin Mehta, Chief Executive Officer & Managing Director, Mahindra Truck and Bus Division, Mahindra & Mahindra Ltd . said, “The roll out of our 15,000th truck marks another important milestone for us, as we now have over 6,000 customers using our trucks in various applications across the country, with nearly 30% of them opting for repeat purchase. Additionally, MTBD also boasts of over 1.25 lac LCVs on Indian roads. This is a clear vindication of our engineering excellence and the brand Mahindra prowess. At MTBD, customer centricity is at the epicenter of our business and our rapidly expanding after-sales network to reach out to the last mile of our customers bears testimony to this.”
