Mahindra & Mahindra Ltd.

Mahindra group's Truck and Bus Division has launched the all-new New Furio 7 range of light commercial trucks with a price starting at Rs 14.79 lakh. The new offering will help it garner significant market share in the light commercial vehicle (LCV) segment, which along with the intermediate commercial segment (ICV) has seen strong revival in the last couple of months. Mahindra Truck and Bus (MTB) had launched the intermediate commercial vehicle (ICV) brand Furio in 2019.

To be manufactured at the company's Chakan (Pune) facility, the new range of trucks, is part of the Furio Intermediate Light Commercial Vehicle (ILCV) product range development, which is the culmination of focused efforts over the past six years and an investment of Rs 650 crore.

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.