{"id":42520,"date":"2026-07-30T13:53:56","date_gmt":"2026-07-30T08:23:56","guid":{"rendered":"https:\/\/banitoday.com\/mahindra-truck-bus-division-mahindra-arm-sml-combine-to-be-4th-largest-cv-player\/"},"modified":"2026-07-30T13:53:56","modified_gmt":"2026-07-30T08:23:56","slug":"mahindra-truck-bus-division-mahindra-arm-sml-combine-to-be-4th-largest-cv-player","status":"publish","type":"post","link":"https:\/\/banitoday.com\/hi\/mahindra-truck-bus-division-mahindra-arm-sml-combine-to-be-4th-largest-cv-player\/","title":{"rendered":"Mahindra Truck & Bus Division: Mahindra arm, SML combine to be 4th largest CV player"},"content":{"rendered":"


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NEW DELHI: Mahindra Group has outlined an ambitious growth road map for its newly combined truck and bus business, targeting a 10-12% share of India’s heavy commercial vehicle (HCV) market by FY31 and over 20% by FY36, as it seeks to strengthen its presence across the commercial vehicle spectrum following the consolidation of Mahindra Truck & Bus Division (MTBD) with SML Mahindra.The combined entity will become India’s fourth-largest commercial vehicle player and will focus on intermediate and light commercial vehicles (ICV\/LCV), buses and heavy trucks. It will command an estimated 23-24% share in the ICV segment, where the company said it aims to emerge as the industry leader over time. In LCV trucks, the combined share stands at around 13.5%.<\/div>\n<\/div>\n


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NEW DELHI: Mahindra Group has outlined an ambitious growth road map for its newly combined truck and bus business, targeting a 10-12% share of India’s heavy commercial vehicle (HCV) market by FY31 and over 20% by FY36, as it seeks to strengthen its presence across the commercial vehicle spectrum following the consolidation of Mahindra Truck […]<\/p>\n","protected":false},"author":1,"featured_media":42521,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-42520","post","type-post","status-publish","format-standard","has-post-thumbnail"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t