IndiaCatalog.com
India News
Search Web Directory
News Home
Mahindra forays into ICV segment with Furio
Posted on 25th July 2018
Mahindra’s Truck and Bus Division (MTBD), the commercial vehicle arm of Mahindra Group, on Tuesday unveiled its new range of intermediate commercial vehicles (ICVs) called Furio, in a bid to increase its market presence in the commercial vehicles (CVs) segment.

Under the range, MTBD will be launching 21 products ranging from 6.5T to 16T, seven of which will be launched with BS-IV engine and the rest complying with BSVI norms.

The competitive and crowded commercial vehicle industry has Tata Motors, Eicher Motors with over 30% market share, Ashok Leyland and Bharat Benz as the dominant players.

Mahindra is eyeing the ICV segment since it covers smaller distances of 400-500 km unlike heavy vehicles which cover thousands of kilometres and require large players. As Vinod Sahay, CEO of MTBD puts it, venturing into ICVs is more feasible for them as it requires small operators for short distance distribution.

With a total investment of Rs 600 crore for the project, the ICV range will be developed at Mahindra’s Chakan facility in Maharashtra which also produces Blazo, Mahindra’s heavy commercial vehicles. At present, the management does not have plans to introduce a new line for Furio, something it would consider, when Blazo and Furio volumes pick up.

Rajan Wadhera, president, automotive sector, Mahindra and Mahindra, said Furio is based on meticulously gathered insights. It will be supported by wide service and spares network comprising 100 3S dealerships, 149 authorised service centres and 1,600 retail outlets.

Pawan Goenka, MD, M&M, said after establishing itself with customers in the heavy commercials segment, it was the right time to enter the ICV segment. Goenka said he was confident of a turnaround of the truck business and said it would turn Ebitda-positive in FY19.

Related Companies: Mahindra India   

Other Latest News
Tata Motors launches AMT variants of Tigor; price starts at ₹6.39 lakh
Posted on 18th June 2019
New Delhi: Tata Motors Monday launched automated manual transmision (AMT) versions of its compact sedan Tigor with price starting at ₹6.39 lakh (ex-showroom Delhi).

The company has introduced two variants under its Tigor AMT range - XMA and XZA , priced at ₹6.39 lakh and ₹7.24 lakh, respectively, Tata Motors said in a statement.


Lucknow makes its first road from plastic waste
Posted on 18th June 2019
Several cities in India are finding innovative ways to get rid of the growing menace of plastic. Chennai, Jamshedpur, Pune and Indore found an ingenious way and now Lucknow has joined the bandwagon.

The Lucknow Development Authority (LDA) has started using plastic waste to construct roads as a pilot project. This environment-friendly road is being constructed as a trial from Gomti Nagar Police Station to Indian Institute of Management (IIM) Lucknow.


Pulwama car blast: 2 wounded soldiers die
Posted on 18th June 2019
Two of the around 10 Army personnel injured in a car blast in Pulwama succumbed to their injuries in a Srinagar hospital on June 18.

“Two soldiers, brought to the hospital with severe contusions and concussions, have succumbed to their injuries, while undergoing treatment in the Army’s 92 Base Hospital. We deeply mourn the demise of our bravehearts,” said a Srinagar-based Army spokesman.


Maruti-Toyota tie-up: Analysts seek clarity from Suzuki arm
Posted on 18th June 2019
Analysts have raised concerns over Maruti Suzuki not disclosing more details pertaining to the partnership with Toyota, saying that there is a lack of communication and the company needs to be more open about the collaboration and its implications in the medium and near term.

In a letter to Maruti Suzuki CEO Kenichi Ayukawa, investment management and research firm Sanford Bernstein asked for clarity on what is Maruti offering Toyota in terms of pricing arrangements, who manufactures which model eventually and what kind of manufacturing margins will Maruti earn.


BPCL’s investment plan for Mozambique gas field gets approval
Posted on 18th June 2019
A ministerial group headed by home minister Amit Shah has given its nod to Bharat Petroleum Corporation’s (BPCL) plan to invest $2.2-2.4 billion in the Rovuma Offshore Area-1 gas field in Mozambique. The group — including finance minister Nirmala Sitharaman, commerce and railway minister Piyush Goyal, external affairs minister S Jaishankar and petroleum and steel minister Dharmendra Pradhan — had met on June 4 to scrutinise the investment plan, as it is still to be approved by the Cabinet Committee on Economic Affairs (CCEA).

» Post a FREE Classified Advertisement
Inviting Real Estate Agents, Job Placements Agents, Educational Institutes, Software Service Providers, Real Estate Builders, Marriage Bureaus, Travel Agents, Restaurant Owners, Health & Fitness Centers and other Local Businesses to Post a FREE Classified Advertisement on Cootera.com Classifieds Website.
Jobs in India India Real Estate Automobiles Matrimonials Beauty & Fitness

Add a comment for Mahindra forays into ICV segment with Furio
Please only use this form to enter comments on the above company. All comments are reviewed before they are displayed on the web site. Not all comments may be displayed. Check back with us to see if your comments have been displayed.
If you want us to email the comments posted by users, please Subscribe by email
Name*
Comments*
Security Code*
 

Be the first person to write a business review for Mahindra forays into ICV segment with Furio

Most Read News

Private insurers continue strong growth in May, smaller ones gain more

Jio impact waning? Airtel, Vodafone Idea arrest revenue slump

Sensex snaps 3-day winning run; Yes Bank tumbles over 3 pc

TCS to implement RBI's information and management system for 310 crore

Mercedes-Benz GLB compact SUV revealed

More India News

  India Web Directory
Business Profiles
Automotive Directory
IT/ITES/BPO Directory
Hotel Directory
Health Directory
Business Directory
Gems & Jewellery
Education Directory
Real Estate Directory
Agriculture Directory
Logistics Directory
Yellow Pages
NRI Guide
Photo Galleries
Global Web Directory
*** FREE India Classifieds
Order Premium Listings
Submit a Site
Business Reviews
Home
About us
Link to us
Advertise
Contact us
Google Search Keywords: India Catalog, IndiaCatalog, India Web Directory
    © 1999 - 2019 IndiaCatalog.com
    All Rights Reserved
Privacy Statement