Mahindra Navistar launched two trucks - MN 25 and MN 31 - here on Monday and also appointed a dealer - Varun Motors - both for Visakhapatnam and Vijayawada.

Mr Nalin Mehta, CEO, said on the occasion that the company wanted to add a hundred more dealers during the next two years in addition to the existing 58.

The entire range of light commercial vehicles and the new series of heavy commercial vehicles would be sold through the dealers.

Chakan plant

He said MNAL - a joint venture between Mahindra & Mahindra and Navistar - had set up a modern plant at Chakan near Pune at a cost of Rs 4,000 crore in 700 acres. “M&M has invested Rs 950 crore in the plant and it can produce 50,000 units per annum.

The entire ranges of commercial vehicles from 3.5 tonnes to 49 tonnes are being produced there,” he said.

He said Andhra Pradesh was important for the company, accounting for 38 per cent market share in LCVs and the share in Vizag was 33 per cent.

“We have appointed Varun Motors as our dealer in Visakhapatnam and Vijayawada as well. We hope our partnership with Varun will be fruitful. The dealership in Vizag is being inaugurated today and we will arrive soon in Vijayawada,” he said.

Mr Mehta said MN 25, a 25-tonne truck, would cost Rs. 15.82 lakh and MN 31 (a 31-tonner) Rs 19.27 lakh. Both vehicles, launched recently in the upcountry markets, were being received well, he added.

Mr V. Prabhu Kishore, Managing Director of Varun Motors, said he was happy to join hands with MNAL and would strive to provide the best service to customers at Vizag and Vijayawada.

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