Mahindra eyes 13% volume growth with upcoming 3 new UVs

Mahindra & Mahindra expects UV volumes to growth 13 percent on the back of the three new launches planned for FY2018-19.

By Nilesh Wadhwa calendar 29 May 2018 Views icon9016 Views Share - Share to Facebook Share to Twitter Share to LinkedIn Share to Whatsapp


Homegrown UV major, Mahindra & Mahindra (M&M) is betting on its new UV products to drive sales for the company. According to Rajan Wadhera, president - Automotive Sector, Mahindra & Mahindra, the upcoming compact SUV codenamed S201, the U321 MPV and the second-generation Mahindra Rexton will contribute 13 percent increase in volumes.

According to the company as these offerings will compete in a different segment where it currently does not have any other product, thus helping it garner more volumes. On the investment front the company has earmarked Rs 15,000 crore, with a lions share (Rs 10,000 crore) going towards new product development including UVs, commercial vehicles and tractors.

The company has said that while it does not see major headwinds for the automotive industry, it continues to see tailwinds on the account of rise in rural consumption, retail inflation continuing to be below 5 percent, bank interest rates continuing at the same level (6%), positive monsoon projection and the Indian economy growing at more than 7 percent.  While, some speed breakers it sees include increase in commodity prices and liquidity issues in the banking sector. Mahindra, has stated it agrees that it focussing on improving the supply constraints on the back of increase in demand. On the other hand, when it comes to capacity utilisation it sees no major chokepoints.

Also read: Mahindra remains bullish on diesel, more so in BS VI era

Top 5 UVs – April 2018 | Vitara Brezza and Creta show continues, Bolero jumps to No. 3 spot

Mahindra launches new XUV500 at Rs 12.32 lakh

Automobili Pininfarina: Mahindra's new high-performance EV brand

Mahindra Bolero breaks into the millionaire club


Bengaluru start-up unveils zPod autonomous driving concept

auther Autocar Pro News Desk calendar04 Jun 2023

Minus Zero claims zPod will help reduce traffic congestion and road accidents using its proprietary self-driving tech.

Kia India sells 18,766 units in May, Sonet and Carens outsell Seltos

auther Autocar Pro News Desk calendar01 Jun 2023

Growing demand for Sonet compact SUV sees it drive ahead of the longstanding best-seller Seltos for the fourth month in ...

Tata Motors’ car and SUV sales rise 6% to 45,984 units in May

auther Autocar Pro News Desk calendar01 Jun 2023

The seven-model portfolio Tata Motors sees demand moderate to single digit in a month which saw the launch of the Altroz...