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Mahindra & Mahindra Ltd. (M & M) unveiled its line of Furio trucks competing in the Intermediate Commercial Vehicle (ICV) category that are deployed to transport fruits, vegetables, parcels and other goods.
To complete its offer in the commercial vehicle segment, senior company officials said:
"Part of the 600 million crowns plan"
The truck and bus division Company has invested 600 million crore in the development of the ICV range. A total of 21 trucks are under development. These trucks, with a capacity of 7.5 tons to 16 tons, will be introduced gradually.
Four trucks with a capacity of 11, 12, 13 and 14 tons were unveiled Tuesday. the market in about four months. Of the 21 trucks, seven will be introduced before the entry into force of the BS VI regulation in 2020 and the rest will follow
Designed by the Italian company Pininfarina, the Furio range will set a new benchmark in this segment , according to company officials. 19659002] "The unveiling of the new range of ICV Furio trucks is a decisive moment for our truck and bus business, as we are about to enter a new orbit and become a commercial vehicle player at full range. " Dr. Pawan Goenka, MD M & M said. He added that Mahindra would become the only company in the world to offer cargo haulage capacities ranging from half a ton to 49 tonnes.
Last year, all players sold together about 1.5 million of these trucks. M & M is considering a 6% market share, said Vinod Sahay, CEO of the Mahindra Truck & Bus and Construction Equipment division.
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