Mahindra working on new MUV
Mahindra working on new MUV
“We have new products coming out all the time. With the UV business, we have a pipeline of products all the time” said vice-chairman and managing director, Anand Mahindra.
He neither denied nor confirmed the roll out of ‘Model U’. “Too many competitors are breathing down our neck for us to divulge such information,” he said.
He added that the new truck venture with ITEC could be based in Uttaranchal if things went the right way. “We have yet to find a location for our JV to make trucks. Uttaranchal is one of the three state government with whom we are negotiating,” Mahindra said.
M&M, meanwhile, has set up its latest plant in Haridwar, Uttaranchal for producing three-wheelers. President, Pawan Goenka said that the company was looking at producing 50,000 units annually once the plant reaches full capacity.
P THARYAN
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