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

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

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08/27/2013 | 11:58am CET
  • 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

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Financials ( INR)
Sales 2017 429 463 M
EBIT 2017 39 853 M
Net income 2017 36 036 M
Finance 2017 53 331 M
Yield 2017 1,19%
P/E ratio 2017 21,51
P/E ratio 2018 19,12
EV / Sales 2017 1,72x
EV / Sales 2018 1,49x
Capitalization 792 390 M
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Number of Analysts 44
Average target price 1 440  INR
Spread / Average Target 13%
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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
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