Retail Latest News India: Auto major Mahindra & Mahindra arrangements to dispatch three new vehicles, including two minimized Suvs, one year from now as it looks to fortify its position in the residential business.
In the bike section, the firm that is at the present time securing 51 percent stake in Peugeot Motocycles for 28 million euros, is looking at different worldwide markets other than India to dispatch the French association’s items.
“We were abate on dispatches in 2013 and 2104. Presently we are again with new dispatches. In 2015, we will dispatch two sub-4 meter minimal Suvs and one light business vehicle. All the three would go ahead totally new stages,” Mahindra & Mahindra Executive Director Pawan Goenka told columnists.
The organization is likewise at the present time creating new arrangement of motors with its Korean arm Ssangyong, he included. Recently, M&m had proclaimed arrangements to contribute Rs 4,000 crore at the Chakan plant to take the general ability to 7.5 lakh units every year when completely operational. The new mixture would take its aggregate interest in Chakan to Rs 8,000 crore. In 2013, the organization had declared arrangements to put Rs 10,000 crore in three years.
Remarking on the arrangements with Peugeot Motocycles, Goenka said: “We are taking a gander at ASEAN district, especially Vietnam, North African nations and India to dispatch items from the Peugeot Motocycle portfolio.
” He said, notwithstanding, that it was “difficult to say” regarding when bikes from Peugeot stable could be propelled in India as the momentum models are costly. “The items in their current symbol would not be practical for India because of valuing. We will need to do some statistical surveying as see what items would suit Indian necessities,” Goenka included.