Mahindra & Mahindra Plans to Launch 7 New Light Commercial Vehicles

Key Highlights:
•    Mahindra & Mahindra plans to invest over Rs 27,000 crore in its automotive sector over three years.
•    The company will introduce 23 new models, including 9 ICE SUVs, 7 EVs, and 7 light commercial vehicles.
•    Production capacity will increase to over 8.64 lakh units annually.
•    The investment breakdown includes Rs 8,500 crore for ICE SUVs, Rs 4,000 crore for commercial vehicles, and Rs 1,500 crore for maintenance.
•    With expectations of strong growth, they aim to surpass half a million units in sales, supported by an order book of 2.2 lakh units.

Mahindra & Mahindra plans to invest more than Rs 27,000 crore in its automotive industry over the next three years.

The company intends to debut around 23 all-new models, including 9 internal combustion engine-powered SUVs, 7 battery electric vehicle models, and 7 light commercial vehicles, according to Rajesh Jejurikar, ED – auto and farm business at Mahindra & Mahindra.

Jejurikar stated, "We have a very ambitious plan for the ICE portfolio in addition to the newly announced commitment to BEVs. We would invest roughly Rs 8,500 crore on ICE SUVs, Rs 4000 crore in commercial vehicles, and Rs 1500 crore in a maintenance plan."

In addition to introducing new products, the investment will expand capacity, increasing annual capacity from 6 lakh units (49,000 units per month) to more than 8.64 lakh units (72,000 units per month).

He highlighted the company's consistent track record of strong performance, emphasizing ability to achieve impressive financial returns.

Alternatively, the investment in Mahindra Electric Automobile Limited will be around Rs 12,000 crore, resulting in an investment of approximately Rs 26,000 crore in new products and capacity for auto and MEAL. The company has also planned an additional investment of Rs 1000 crore in its subsidiaries.

The company expects mid-teens to high-teens growth this fiscal year, helping it boost its sales beyond half a million devices. Mahindra & Mahindra has an outstanding order book of 2.2 lakh units.

Also Read: Mahindra & Mahindra Breaks Record with 674 Patents in FY24

CMV360 Says

Mahindra & Mahindra's big investment of over Rs 27,000 crore in the next three years shows they're serious about making more new and advanced vehicles. They're planning to bring out 23 new models, including 7 light commercial vehicles. 

This means they're going to make more cars and trucks to sell. With lots of people wanting to buy, they're expecting to sell over half a million vehicles soon. So, Mahindra & Mahindra is gearing up to grow bigger and better in the automobile business.