Mahindra & Mahindra along with two of its joint ventures, Mahindra-Renault and Mahindra International, estimates a turnover of Rs 10,000 Crore by 2011.
At present, Mahindra & Mahindra is making revenue from the passenger car segment. The company plans to launch a batch of commercial vehicles in the Indian car market and in future a bulk of revenue is expected to come from this segment.
Mr. Pawan Goenka, President of Mahindra & Mahindra said, “Plans include launching a number of commercial vehicles in the light, medium and heavy segments, including a sub one-tonner by December 2009. These are likely to jack up earnings from the commercial vehicle segment and we are looking at a total revenue figure of Rs 10,000 Crore by 2011. During 2007-08 the figure was Rs 8,000 Crore.” He also added that Rs 1,350 Crore will be invested by the company to launch several commercial vehicles.
Goenka also commented, “Revenues from goods carriers may overtake passenger carriers as trucks have a large unit price than passenger vehicles. Of course, the launch of a new sports utility vehicle (SUV) in 2011 should infuse fresh excitement in the passenger category but I believe trucks will be ahead in the end.”
Additionally, Mahindra is in process of establishing an Rs 2,500 Crore plant in Chakan near Pune with a production capacity of 50,000 units per annum.