The 700 Cr.investment in Commercial Vehicle Business.

The state-of-the-art Chakan plant has given us another reason to be proud. The plant recently announced the roll out of its 15000^th Heavy Commercial Vehicle. With this, we at Mahindra Truck and Bus Division now have over 6000 customers using our trucks. With 30% of our customers opting for repeat purchase, it’s a stamp on the product and service excellence that we offer. Additionally, we are pleased to have over 1.25 lac LCV's on Indian roads. This is a clear vindication of our engineering excellence and brand Mahindra prowess. “At MTBD, customer centricity is at the epicenter of our business and our rapidly expanded after-sales network to reach out to the last mile of our customers bears testimony to this” Nalin Mehta, Chief Executive Officer, Mahindra Truck and Bus Division, Mahindra & Mahindra Ltd. said.

This occasion gives us another reason to share our aggressive growth plans. With the vision to put the commercial vehicle business on a fast paced growth trajectory, the company is investing Rs. 700 CR to develop new ICVs and LCVs. With a wide spectrum, ranging from 3.5 T to massive 49 T beasts, Mahindra Truck and Bus Division envisions itself to be a full range CV player within the next 2 years.

Speaking on the occasion, Rajan Wadhera, 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”.

We at Mahindra Truck and Bus Division have taken the concept of out-performance to the next level, by creating trucks that are specifically designed with the underlying philosophy of; Made in India, Made for India'. Mahindra Truck and Bus has rapidly expanded its after sales service and spares network which now includes 66 3S dealerships, 90 Authorized Service centers and 2516 roadside assistance points; and spares network of 1322 retail outlets to further improve the reach of support for customers on important trucking routes and is all set to cash- in on the green shoots of the CV industry. The company also has India’s first multi-lingual helpline, NOW, which is manned by technical experts to provide instant support to customers. The NOW mobile service vans and mobile workshops further add to the reach and agility of the support network.

For further information, please visit www.mahindratruckandbus.com and www.mahindralcv.com