Mahindra rejoices monsoon with JEETO

Mahindra & Mahindra is all set to enjoy the monsoon season, is all set to explore new platforms and a new launch in its kitty, the small CV called JEETO. Mahindra & Mahindra, the country's biggest and leading utility vehicle manufacturer, would craft a small powered by diesel commercial passenger vehicle at Zaheerabad in Telangana.

 

The planned variant with four-wheeler Mahindra Jeeto would be on a fresh new dais and transmit the m-Dura diesel dynamo that the company has established for its commercial automobiles, M&M's executive director, Pawan Goenka, said at the introduction of JEETO, a small commercial vehicle, at Zaheerabad on Tuesday, that the debut of the novel product would take a little more than a year’s time as of now. 

 

 

As of now, Mahindra & Mahindra has financed nearly INR 300 Cr. in this new project of the small and light in weight commercial vehicle engineering plant at Zaheerabad and about INR 100 Cr. in emerging the m-Dura engine. Goenka reported the company was considering at capitalizing another INR 150 Cr on the proposed vehicle facility. 

 

M&M has a volume to yield 92,000 units of JEETO each year, with a possibility to increase it to 150,000 units. The company is also watching at shipping JEETO to neighboring countries that includes Nepal, Bhutan, Sri Lank and many more to come.

 

Nice, as when commercial vehicle comes in picture, we definitely assume a heavy duty, huge and large vehicle, but with families and lifestyle being on the minimalistic front, such small commercial vehicles, have a great demand in the country, and when we talk about getting performance, but in a small size, there is nothing better than Mahindra making it. Our assumption on this proposal should be able to take on the market without any hassle, watch this space on Autocarbazar for updates on JEETO.