Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  NATIONAL STOCK EXCHANGE OF INDIA  >  Mahindra & Mahindra Limited    M&M   INE101A01026

SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets 

Mahindra & Mahindra Limited : Mahindra's small commercial vehicles portfolio crosses milestone of 12 lac vehicles

share with twitter share with LinkedIn share with facebook
share via e-mail
0
08/27/2013 | 11:58am CEST
  • Offers the widest range of products in the small commercial vehicles segment with over 12 products covering Pick-ups, small 4 wheelers and 3 wheelers
  • Enjoys leadership position in the Pick-up range with 58%* market share

Mumbai, 27 August 2013: Mahindra & Mahindra Ltd., a part of the US $ 16.2 billion Mahindra Group, today announced that its small commercial vehicles portfolio has touched a new milestone, crossing the 12 lac mark on Indian roads. With over 12 products across segments, Mahindra & Mahindra offers the widest range in the small commercial vehicles category.

Mahindra's small commercial vehicles offer the widest range from Pick-ups to 3 wheelers with multiple load carrying capacities suitable for varied consumer needs across urban and rural India. The range includes people movers in the commercial space comprising of 3 wheeler auto rickshaws to small vans, suitable for school vans and stage carriages to meet public transportation needs across the country. Each product offers a unique value proposition and is targeted at different customer segments to match their specific needs, with minimal overlap.

Speaking on this milestone, Pravin Shah, Chief Executive, Automotive Sector, Mahindra & Mahindra Ltd. said, "We are delighted to have crossed the 12 lakh mark in our commercial range of vehicles and we are thankful to our customers for their continued support. Mahindra currently offers the widest range of commercial vehicles to cater to the many and varied needs of its customers which has been possible due to the customer insights which we have worked upon. Our 250 dealerships with over 1000 service points enable us to reach out to our customers as per their convenience, even in the rural hinterland."

Mahindra's commercial vehicles come with the tough and rugged DNA that Mahindra vehicles are known for. These vehicles are designed to be powerful yet fuel efficient and to deliver the highest earning potential for customers, thereby driving positive change in their lives.

It is this customer centric approach to product development that has led Mahindra to enjoy a leadership position in the industry for over a decade with 58%* market share in the pick-up segment. Its sales continue to grow rapidly with over 15,000 vehicles being sold every month. The Mahindra Pick up range sold 102,885 vehicles in FY-2013, compared to 73,134 vehicles in FY-2012, registering a 41% growth. These are by far the highest ever annual sales of Mahindra's Pick up range since inception.

The company has introduced new products and technologies at regular intervals to delight customers, by constantly updating its products, based on customer insights and needs. Some of the firsts from its portfolio are:

  • AC Cabin Pick up - Genio Double Cab
  • CNG Pick up - Maxximo CNG
  • Micro Hybrid Pick up - Bolero Pick Up
  • Compact truck and cab - Gio
  • Hard-top diesel van - Maxximo Mini Van VX
  • Fuel Smart technology and CRDe engine - Maxximo Plus

Besides making a mark in the domestic market, Mahindra's commercial vehicles have also found acceptance in over 40 countries across the globe. Mahindra's Alfa 3 Wheeler, Maxximo Plus Mini Truck & Mini Van, Bolero and BMT Plus Pick Ups, Scorpio Pick Up and Genio Pick Ups are exported in key markets of Asia, Africa, Middle East, Europe and South America to name a few.

Mahindra's small commercial vehicles range includes the following products and variants:

       i.       Bolero Maxi Truck Plus

       ii.       Bolero Pick up

      iii.      Bolero Camper Double Cab Pick up

      iv.      Genio Pick Up

      v.      Maxximo Plus Mini Truck 

      vi.      Maxximo Mini Van (soft top)

     vii.     Maxximo Mini Van VX (hard top)

     viii.     Gio Compact Truck

      ix.      Gio Cab

      x.      Alfa Load 3 wheeler

      xi.      Alfa Passenger 3 wheeler

     xii.     Champion

* Source: SIAM July 2013 data

About Mahindra

The Mahindra Group focuses on enabling people to rise through solutions that power mobility, drive rural prosperity, enhance urban lifestyles and increase business efficiency.

A USD 16.2 billion multinational group based in Mumbai, India, Mahindra employs more than 155,000 people in over 100 countries. Mahindra operates in the key industries that drive economic growth, enjoying a leadership position in  tractorsutility vehicles, after-market, information technologyand vacation ownership. In addition, Mahindra enjoys a strong presence in the agribusiness, aerospace, components, consulting services, defence, energy,  financial services, industrial equipment, logistics,  real estate, retail, steel, commercial vehiclesand  two wheelerindustries.

In 2012, Mahindra featured on the Forbes Global 2000 list, a listing of the biggest and most powerful listed companies in the world. In 2013, the Mahindra Group received the Financial Times 'Boldness in Business' Award in the 'Emerging Markets' category.

Visit us at www.mahindra.com

For further enquiries

Roma Balwani                                         

Chief Group Communications Officer

Mahindra & Mahindra Ltd.                                           

Phone: +91 22 2490 1441                                             

Email:  balwani.roma@mahindra.com

distributed by
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on MAHINDRA & MAHINDRA LIMITE
06/28 MAHINDRA & MAHINDRA : Quarterly results - mahindra & mahindra limited
06/26 MAHINDRA & MAHINDRA : Racing to exit Moto3 at end of 2017
06/22 MAHINDRA & MAHINDRA : mini truck, 'Jeeto' celebrates 2nd anniversary
06/21 MAHINDRA & MAHINDRA : Elbit Systems–Cyclone & Mahindra Aerostructures to C..
06/20 MAHINDRA & MAHINDRA : Airbus Awards Hard Metal Components Contract To Mahindra A..
06/20 MAHINDRA & MAHINDRA : Aerospace’s Airvan 10 achieves type certificate
06/15 MAHINDRA HOLIDAYS & RESORTS INDIA : Plans us acquisition
06/14 MAHINDRA & MAHINDRA : M&M board approves sale of Mahindra Logistics stakes via I..
06/14 IDEAL S A : Seven new Mahindra vehicles to be showcased
06/14 STAKE-SALE IN ARM : M&m gets nod
More news
Sector news : Auto & Truck Manufacturers - NEC
01:08a ChargePoint secures $43 million in funding led by Siemens
06/28 VOLKSWAGEN : U.S. judge allows some VW investor diesel claims to proceed
06/28DJFORD MOTOR : Driveshaft Defect Fix to Cost $142 Million
06/28DJBAYERISCHE MOTOREN WERKE : Xometry Raises $15 Million in Funding
06/28 China to relax further curbs on foreign investment
More sector news : Auto & Truck Manufacturers - NEC
Advertisement
Financials ( INR)
Sales 2018 490 571 M
EBIT 2018 46 742 M
Net income 2018 40 620 M
Finance 2018 13 761 M
Yield 2018 1,14%
P/E ratio 2018 20,02
P/E ratio 2019 17,31
EV / Sales 2018 1,69x
EV / Sales 2019 1,45x
Capitalization 842 232 M
More Financials
Chart MAHINDRA & MAHINDRA LIMITE
Duration : Period :
Mahindra & Mahindra Limite Technical Analysis Chart | M&M | INE101A01026 | 4-Traders
Full-screen chart
Technical analysis trends MAHINDRA & MAHIND...
Short TermMid-TermLong Term
TrendsNeutralBullishNeutral
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 44
Average target price 1 513  INR
Spread / Average Target 12%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
Pawan Kumar Goenka Managing Director & Executive Director
Anand Gopal Mahindra Executive Chairman
Parthasarathy Vankipuram Srinivasa Chief Financial & Information Officer
Ulhas Narayan Yargop CTO & President-Group Information Technology
Keshub Kailash Mahindra Chairman-Emeritus
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
MAHINDRA & MAHINDRA LI..16.05%13 190
TOYOTA MOTOR CORP-14.15%170 911
DAIMLER-8.23%79 344
VOLKSWAGEN0.75%77 185
BAYERISCHE MOTOREN WER..-5.71%61 745
GENERAL MOTORS CORPORA..-0.75%51 627
More Results