Mahindra & Mahindra Ltd.

Mahindra Truck and Bus Division (MTBD), a part of the USD 16.9 billion Mahindra Group, has rolled out its 15,000th heavy commercial vehicle (HCV) from the state-of-the- art plant in Chakan, Maharashtra. In addition, the company also reached a sales milestone of 125,000 light commercial vehicles (LCVs) on Indian roads.

As part of its plan to put the commercial vehicle business on a growth trajectory, the company is investing Rs 700 crore to develop new ICVs and LCVs. With a portfolio ranging from 3.5 T to 49 T, Mahindra Truck and Bus Division is set to become a full range CV player within the next 2 years.

Mahindra & Mahindra (M&M) is the flagship company of the Mahindra Group, a multinational conglomerate based in Mumbai, India. Amongst the various business interests of its parent group, the company is mainly involved in the automobile manufacturing. It is one of the leading auto companies of India.