Friday, January 08, 2010: 03:44:06 PM

National Making Headlines

Mahindra Navistar to foray into bus manufacturing

Mahindra Navistar Automotives Ltd (MNAL), established after the recent joint venture between Mahindra & Mahindra and Navistar International for the manufacturing of trucks, has revealed its plan to enter the bus manufacturing domain soon. According to the latest reports, plans are under way to manufacture a range of buses in diesel and CNG variants, which will also feature low floors. Along these lines, the company has opened talks with the Society of Indian Automobile Manufacturers to standardise the specifications for its bus range. Rakesh Kalra, MD, MNAL, opines that with the company joining the bus manufacturing domain, the biddings under the Jawaharlal Nehru National Urban Renewal Mission (JNNURM) will become more competitive.



Despite this, the company has taken the decision to tap the growing demands for commercial vehicles (CV) in the market. Pawan Goenka, President, M&M—Automotive, says that as the CV market is expected to grow significantly in the next three or four years, MNAL has planned to acquire around 13-19 per cent of the market share during the period. As for the trucks business, MNAL will soon roll out 25-tonne multi-axle trucks and 49-tonne tractor trailers in the Indian market.


Rate me....
Mail this article Mail this article Print this article Print this article

Contribute/ Share your Opinion

More

Page 1 of 10




Search

Keywords:
Sections:

Magazine Issues

Events

logo Other Times Group Sites: