The light commercial vehicles and truck segment in India is seeing a lot of global manufacturers entering it, with many major JV’s now choosing this market to be another export hub for them. One such JV, Mahindra Navistar, between the American Navistar Co. and Mahindra & Mahindra, intend to export their commercial vehicles manufacturer over here to their overseas markets in SAARC countries and South Africa, which used right-hand drive models.
The managing director of this JV, Nalin Mehta, was quoted as saying that they are looking at the SAARC and South Africa’s RHD markets for export. They however want to first consolidate their presence in the Indian market. Ever since the first year since the launch of the JV, the company has been reportedly trying to build their presence across different locations in the nation.
The company reportedly plans to sell around 50,000 HCVs or heavy commercial vehicles and 20,000 LCVs in the coming three-four years. The HCV segment in India is growing at a 40% rate, while the LCV segment is growing by 15%.