At the media meet on May 30 to announce Mahindra & Mahindra’s results, its top brass spoke more about what a new government at the Centre could do to get things moving along in the economy.
03 Jun 2014 | 3597 Views | By Brian de Souza
At the media meet on May 30 to announce Mahindra & Mahindra’s results, its top brass spoke more about what a new government at the Centre could do to get things moving along in the economy.
CEOs want big infrastructure projects including mining to get the go-ahead as that ...
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At the media meet on May 30 to announce Mahindra & Mahindra’s results, its top brass spoke more about what a new government at the Centre could do to get things moving along in the economy.
CEOs want big infrastructure projects including mining to get the go-ahead as that will give the economy the much-needed impetus. But even as executive director and president, Dr Pawan Geonka, spoke about what his wish-list was, he also broached other facets of M&M’s business that we can all look forward to. They are:
• M&M’s farm equipment division is looking at opportunities in dairy and pulses. Agri-business has huge untapped potential.
• The company is looking carefully at that segment of the market called UV1, small and monocoque-based UVs where it does not have an offering and risks losing market share to the likes of the Renault Duster. The top brass says two products will be launched in the UV1 segment in 2015.
• Working has begun on reviving the Verito and Quanto whose sales have become lacklustre in recent months.
• Betting on a strong future, M&M is planning to build up capacity to meet market needs. This could either be through a new plant (no location chosen as yet) or alternatively expand production capacity at Chakan.