Mahindra Truck and Bus Division (MTBD), announced the rollout of its 15,000th heavy commercial vehicle (HCV) from the state-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 INR 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, Rajan Wadhera, the President & Chief Executive - Truck & Power Train, & Head - Mahindra Research Valley, Mahindra & Mahindra Ltd. said, "The CV industry has seen an upturn over the last few quarters which is a good sign."
"At Mahindra we have been steadily growing and are fully committed to our commercial vehicles business and taking aggressive steps to become a complete CV range player. With planned investments and enhancement of our product portfolio, we look forward to ride the growth trajectory".
Nalin Mehta, the 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 percent of them opting for repeat purchase."
"Additionally, MTBD also boasts of over 1.25 lakh 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."