Mahindra Powerol enters marine engine biz, eyes 10% revenue from segment

The company has engines ranging from 24 HP to 300 HP, including 11 variants of marine engines and marine generators

Mahindra Powerol, a $20.7 billion business unit of the Mahindra Group, has officially entered the marine engine business with the commercial launch of products in Chennai.

The company seeks to capture 30 per cent of the high-powered, 100-300 horsepower engine market in the next 12-24 months. The company is also expecting around 10 per cent of its revenues to come from the marine engine business over the next three years, said Sachin Nijhawan, Business Head, Mahindra Powerol.

Smaller engines ranging from 50 to 100 HP constitute a market of about 20,000 units, while those above 100 HP make up a 2,500-3,000 unit market. Higher powered