M&M unveils new Bolero MaXX Pik-Up LCV at ₹7.68 lakh
The Hindu
‘The vehicle is designed for intra-city application’
Mahindra and Mahindra (M&M) on Wednesday unveiled its latest light commercial vehicle MaXX Pik-Up, equipped with a host of features as the auto-major aims to boost market share in the segment.
The LCV has been introduced in the 2 to 3.5 tonne category and is priced from ₹7.68 lakh to ₹7.87 lakh (ex-showroom) pan-India.
Mahindra and Mahindra Ltd. Senior Vice President, Venkat Srinivas said the vehicle is manufactured at the company's facility in Chakan near Pune, with 'significant investments' going into the product development.
"The vehicle is designed for intra-city application.. we have 43% market share in 2-3.5 tonne segment in southern region. We want to increase it..." he told reporters.
According to a company official, the total industry volume comprises 8,000 units in southern region in the 2 to 3.5 tonne category.
Mahindra and Mahindra Ltd. Zonal Head Sales (South) Baneswar Banerjee said there is possibility of introducing new products in this platform, with much better payload, but declined to elaborate.
The Bolero MaXX Pik-Up comes with 1,300 kgs payload, offers 1,700 mm widest cargo in the segment and R15 tyres for improved loading.
RBI Governor Shaktikanta Das admitted to hospital for monitoring, no official information available yet.
Fitch puts Adani Group bonds on watch for downgrade after U.S. bribery charges, impacting financial stability and investments.
Google is fighting to beat back another attack by the U.S. Department of Justice alleging monopolistic conduct in its ad tech.
Meta will face trial in April over the U.S. Federal Trade Commission’s allegations that the social media platform bought Instagram and WhatsApp to crush emerging competition.
HUL shareholders to receive shares in new ice cream business entity, subject to approvals, maximizing value for all.
Vedanta launches $500 million bond issue post-Adani crisis, with Citigroup, JPMorgan, Deutsche Bank declining to comment.
USFDA reports Dr Reddy's and Lupin Pharmaceuticals recalling products in the US due to manufacturing issues.
EPF inoperative accounts rise to ₹8,505.23 crore in 2023-24, EPFO to return funds to beneficiaries, awareness campaigns planned.
S&P Global Ratings revises India's economic growth forecast due to high interest rates and lower fiscal impulse.
Indraprastha Gas Ltd raises CNG prices in select cities, while MGL hikes rates in Mumbai post-elections.
Adani group stocks surge on BSE, NSE; clarifies on Kenya deals amid bribery charges, airport project cancellation.