Hyderabad: The Mahindra Group is planning to export its latest heavy truck model Blazo to Africa in the next one-and-a-half year in an attempt to tap the huge market, which has transportation needs that are similar to India.
“Already about 10 per cent of our sales comes from exports. We will perhaps go to some parts of Africa in the coming 18 months. We may begin shipment with our latest heavy truck model Blazo and other LCVs,” said Nalin Mehta, CEO of Mahindra Truck and Bus Division.
He was speaking at the commercial launch of the truck, which was launched at the Auto Expo in February. The company has laun-ched its new heavy commercial truck series under the brand name ‘Blazo’ in Hyderabad. The ‘Blazo’ series inclu-des haulage, tractor trailer and tipper.
Mr Mehta expects his division to double its market share in the next two years.
“Our truck and bus business has been growing steadily. We are confident that new Blazo HCV range will further enhance our position in the market,” Mr Mehta told reporters here.
The growth of the commercial vehicles sales is directly in proportion to the economic growth due to improvement in freight demand. Truck operators typically seek to replace their vehicles once in around five years to keep their operational expenses low.
