Mahindra arm, SML combine to be 4th largest CV player
Mahindra Group aims for substantial market share growth in India's commercial vehicle sector. The company targets a 10-12% share of the heavy commercial vehicle market by FY31. It also seeks over 20% market share by FY36 after business consolidation. The combined entity will become India's fourth-largest commercial vehicle player. Mahindra will focus on intermediate, light commercial vehicles, buses, and heavy trucks.
