Mahindra Trucks & Buses Ltd

Company limited by Shares (1) 10+ employees

Mahindra Trucks & Buses Ltd Description

Mahindra Trucks & Buses Ltd was established in the year 2005 and is popularly known as Mahindra Navistar/ Mahindra International. They are Indian commercial vehicle manufacturers which was initially formed out of a joint venture between Navistar International (USA) and Mahindra & Mahindra. But now, the company has demerged into Mahindra & Mahindra Ltd and has become a separate division. The company has its headquarters in Chinchwad which is in Pune. The company manufactures auto parts and accessories. They also provide spare parts, engines, truck parts and various other accessories. The company has taken their performance to the next level by creating trucks that are specially designed for different applications and excellent performance whenever needed. The company offers an entire line of integrated truck solutions that help their customers in generating profit by giving their customers an advantage of quick turnaround time and reliability along with the assurance of their excellence in all aspects. Their HCV product range has been engineered for all sort of Indian requirements with the philosophy of "Made in India, made for India". In the HCV segment, the company has achieved the goal of more than 24000 trucks on the road. The company is planning of addressing evert segment of their commercial vehicle market with variants that meet the needs of passenger transport, cargo and specialized load applications. Their new range of medium and heavy commercial vehicle is being manufactured at the new green field at Chakan. This plant covers more than 700 acres and has been built with an investment of more than Rs 4,000 crore and is also producing other Mahindra products. This has helped the company with the benefit of synergies of an integrated manufacturing facility. The company now has more than 120 authorized service centres with more than 2900 roadside assistance points. Their spares network of 2069 retail outlets has helped improve the reach of support for customers on critical trucking routes.

Mahindra Trucks & Buses Ltd Overview

INDIA HO
MUMBAI
COMPANY SIZE
10+ employees
CIN
U63040MH1994PLC079098
TYPE
Public
CATEGORY
Company limited by Shares
SUB-CATEGORY
Non-govt company
WEBSITE
EMAIL
arora.rajesh@mahindra.com
FOUNDED
20 Jun,1994
PAID-UP CAPITAL
933,495,676
AUTHORISED CAPITAL
15,000,000,000
17 Related Suppliers
3 No. of plants

Company Breakup

Name share
Bodies Corporate
100.00%
Total Number Of Shareholders 8
Shareholding As On 2018-06-27

Mahindra Trucks & Buses Ltd in News

11 Jul 2021

Mahindra Finance expands its global footprint, acquires 58.2% in Ideal Finance

Mahindra Finance entered into a contractual agreement with Ideal Finance in 2019, agreeing to acquire 58% stake by March 2021, which was mutually extended by both companies till September 2021. Mahindra Finance aims to replicate its business model with this investment in Ideal Finance thereby creating a leading financial services institution in Sri Lanka.

11 Jul 2021

AAP claims panel has given clean chit to its DTC bus deal

The three-member panel that included transport commissioner and vigilance secretary of the Delhi government was formed by Lt Governor Anil Baijal last month. It submitted its report to Baijal on July 8, officials said.

01 Jul 2021

Exclusive: Senior executives from Tata Motors, Renault design teams quit; join M&M

Competition in the auto industry has never been more intense, as manufacturers dabble in new technologies, such as autonomous driving and electrified powertrains. And as India becomes a crucial automotive market, with sales of passenger cars crossing the two million mark, onboarding top designers for auto majors is becoming crucial, experts say. Mahindra & Mahindra, it seems, has embarked on this mission of revamping and redesigning its design team with new leadership and fresh recruitments.

27 Jun 2021

Daimler set to spin off truck unit by year end: CFO

"We are right on schedule with the detailed preparations for this complex project and want to float Daimler Truck on the stock exchange as an independent company by the end of this year," CFO Harald Wilhelm told the Automobilwoche weekly.

26 Jun 2021

Norms eased for vehicles with old reflector strips

The transporters were up in arms against the transport department after it had made the new reflector strips mandatory to pass the fitness tests. Pune’s deputy regional transport officer Sanjiv Bhor told TOI that the transport department had issued a fresh circular regarding the amendment on Thursday.

21 Jun 2021

Mahindra rolls out discounts of up to INR 3 lakh on SUVs

The company has listed these benefits ranging from INR 16,500 (for Bolero) to INR3.01 lakh (for Alturas) on its official website. The offers include cash offer, exchange bonus, corporate discount, and additional offers. They are valid up to June 30, 2021, and vary from dealership to dealership.

18 Jun 2021

ETAuto Original: How Truckers are dealing with Covid-19 second wave - A joint study by ETAuto, Credit Suisse and Leaptrucks finds out

A recent nationwide survey by Leaptrucks and Credit Suisse for knowledge partner ET Auto has found that truck owners in all the segments are facing the brunt of the Lockdown 2.0. A combination of factors like lower demand, drop in truck utilization and rentals, falling or stagnant freight rates and high erosion of profitability have damaged their operations and spoiled their businesses. However, in spite of the looming odds, most of them are optimistic about a market recovery by September 2021.

03 Jun 2021

GM raises profit outlook as it shifts chips to trucks

The increased profit guidance and moves announced Wednesday to boost shipments of pickup trucks, indicate that GM is achieving greater stability in acquiring chips and allocating them among its model lines, after months of scrambling to cope with supply chain disruptions.

27 May 2021

U.S. consumers borrow more for longer to drive trucks and SUVs

At the same time, average credit scores for consumers who financed new and used vehicles are higher, and delinquency rates are lower, indicating a healthy auto credit market overall, the study found. Experian, an information services company, gathers data on consumer and business credit and generates credit scores, among other services.

12 May 2021

M&M's sales volume may be lower by 20% in June quarter

"The rampant spread of the second wave of COVID-19 and lockdowns enforced in various states/parts of the country coupled with disruption in the supply of oxygen for industrial use, demand and supply for vehicles and tractors is expected to be impacted temporarily," M&M said.

30 Apr 2021

Companies shut plants, cut output to cope with fall in demand

Companies that have announced closures include Toyota, Maruti Suzuki, Hero Moto and Honda Motorcycles and Scooter India (HMSI), while those that have reduced output are understood to include Havells, Nippon Paints, Panasonic, Mercedes-Benz, Mahindra & Mahindra (M&M), LG (Pune factory) and Tata Motors.

Directors of Mahindra Trucks & Buses Ltd

Name DIN Email Designation Date of joining
Vinod Kumar Sahay Unlock to View Unlock to View Director 20 Jul,2017
Anish Dilip Shah Unlock to View Unlock to View Director 28 May,2015
Hemant Sikka Unlock to View Unlock to View Director 24 Apr,2015
Subhash Chandra Bhargava Unlock to View Unlock to View Director 31 Mar,2015
Shrikant Raghunath Marathe Unlock to View Unlock to View Director 31 Mar,2015
Bharat Moossaddee Unlock to View Unlock to View Director 26 Apr,2013

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