Mahindra plans to drive in heavy, light trucks to Africa

Image
Press Trust of India Hyderabad
Last Updated : Mar 23 2016 | 6:13 PM IST
Utility vehicles major Mahindra is planning to ship its heavy and commercial vehicles to Africa over the next 18 months, a top company executive said today.
"About 10 per cent of vehicles which we are selling, including light commercial vehicles (LCVs), are exported. We will perhaps go to some parts of Africa in the coming 18 months. We may begin shipment with our latest heavy truck model Blazo and other LCVs," Chief Executive Officer of Mahindra Truck and Bus Division, Nalin Mehta said here.
However, Mehta did not provide more details about the plans.
Replying to a query, he said their heavy trucks enjoy market share of 3.5 per cent and expects it to double in the next two years.
The company today announced the launch of its new heavy commercial truck series under the brand name Blazo which comes with a range of models including haulages, tractor trailers and tippers.
The Blazo was launched at the Auto Expo in February and today was its commercial launch.
"Our truck and bus business has been growing steadily and is taking full advantage of the buoyancy in the HCV segment. We are confident that new Blazo heavy truck range will further enhance our position," Mehta said.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Mar 23 2016 | 6:13 PM IST

Next Story