Mahindra
Trucks and Buses Ltd. plans to invest Rs.500Cr in 2-3years on developing
products and strengthening of the line-up of commercial vehicles.
Of
total, Rs300Cr will be in the development of a completely new platform for ICV
as it offers a lot of opportunity and this segment is considered to bestow a
promising future.
The
present size of the market is around 1lakh units annually, which can grow up to
1.5lakh units.
The
remaining Rs.200crore will be invested on strengthening the current product
line-up of trucks and buses including the refurbishing of existing LCV’s.
At
the Auto Expo, the company will also display TORRO 25 Tipper, LCV load product
like Loading ZOOM Container Truck and Tipper and the Tourister COSMO bus.
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