EXCITING NEW MAHINDRA VEHICLES

As part of its rise philosophy, Mahindra & Mahindra is developing new, exciting CVs.

- Bhushan Mhapralkar

Reporting FY2020-21 Q4 consolidated revenue of Rs.21,456 crore, up 32 per cent, and a consolidated Q4 PAT before EI at Rs.1,834 crore, up 170 per cent, Mahindra & Mahindra Ltd. (M&M) will introduce 23 new products in the passenger and commercial vehicle markets, along with 37 tractor types by 2026. Reporting a generation of operating cash of Rs.10,022 crore in FY2020-21, up 119 per cent, the 23 new products that the automaker will introduce by 2026 will include nine SUVs and 14 CVs. Of these, six SUVs and six commercial vehicles will be electrically powered. This would very likely include the exciting little electric car Atom. It will account for one of the five new launches in the last mile mobility segment. The other would be the next generation Treo electric three-wheeler range, claims an industry source. He adds that the yet another exciting introduction would be the electric pedalassisted ‘pod’ UDO. The UDO was first shown at the 2018 Auto Expo. While the next generation Treo platform, springing passenger and cargo variants, will be engineered to help its manufacturer make strides in new and existing export markets, the domestic market is also expected to have grown quite some by the time of the launch. Estimated to be a little over 1.5 million units, the electric three wheeler market is highly fragmented. The amount of cargo three wheelers in the market are estimated to be 1,10,000 units per year strong.