2 weeks ago

Mahindra targets 10-12% HCV market share by FY31

Mahindra targets 10-12% HCV market share by FY31
Mahindra targets 10-12% HCV share by FY31 · financialexpress.com

Mahindra makes big heavy trucks in India, and it wants more people to buy them.

Today, only about 3 out of every 100 truck buyers choose Mahindra, but the company hopes that by the year 2031 it will be 10 to 12 out of 100.

To make its trucks special, Mahindra put a tiny computer brain, called an AI chip, inside its new Blazo-I truck.

The chip can feel how heavy the load is and whether the road goes uphill or downhill.

That helps the truck pick the best way to drive all by itself.

This smart driving helps the truck use less fuel, which is the special liquid that makes trucks go.

Mahindra says its new truck can use up to 10 percent less fuel than other trucks, saving owners lots of money.

The company also promises to fix any broken truck within 48 hours, or pay the owner 10,000 rupees for each extra day.

Mahindra's leader for trucks, Vinod Sahay, says customers are ready to switch brands when a truck helps them earn more.

Key facts

Company
Mahindra Truck and Bus Division (MTBD)
Current HCV market share
3-3.5%
Target HCV market share
10-12% by FY31
New product
Blazo-I
Fuel efficiency promise
Up to 10% better than the market benchmark
Potential savings
Up to ₹15 lakh
AI feature
10-nanometre edge AI chip detecting load and gradient
Breakdown guarantee
48 hours, with ₹10,000 per day penalty

Quotes

Vinod Sahay

CEO of Mahindra Truck and Bus Division

“For the first time in India, we will have a truck with an on-board AI chip, where the truck on its own will have the capability to detect the load, detect the gradient.”
financialexpress.com
“Our first plan is to go to 5% market share which we were already there till now. The larger plan is that by F31 the target which we have put of 10-12% market share.”
financialexpress.com

Sources

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