Twitter
Advertisement

Mahindra eyes Rs 6,600 crore revenue from diesel gensets in 6 yrs

The company said that it will also continue to introduce higher capacity engines that will cater to industries like the marine, construction equipment, cranes, forklifts, tractors, among others.

Latest News
article-main
Mahindra
FacebookTwitterWhatsappLinkedin

Powertrain division of Mahindra Group on Monday launched a new range of 125kVA diesel generators and is eyeing to touch $1 billion (about Rs 6,600 crore) in revenues over the next six years.

Mahindra Powerol, which is a part of the Powertrain division, launched the 125 kVA DG sets priced at Rs 7.24 lakh that includes the cashless service charges of Rs 1.25 lakh, which the company launched as a part of its five-year super-shield plan for this product.

"We are seeing a growing demand for higher voltage DG sets especially from the real estate point of view which includes high rises, hotels, educational institutes, and hospitals, among others," Mahindra Trucks & Powertrain president and chief executive Rajan Wadhera told reporters here.

"We are confident that this product will put us engaged in DG sets on the fast-track within the power generation industry with our future products and service offering," Wadhera added.

Under the powertrain division, the company manufactures gensets, engines and transmission and also provides engineering services. "We divide the powertrain business as gensets and non-gensets. The gensets business itself contributes nearly 85% of out revenue. We will continue to increase our gensets not only in volumes but also in capacity as we plan to take it to 320 kVA next year and going forward to up to 1 MW," Wadhera said.

At the same time, the company will also continue to introduce higher capacity engines that will cater to industries like the marine, construction equipment, cranes, forklifts, tractors, among others, he said, adding the Euro 6 emission norms will enable the demand for its engines to rise significantly.

"With the introduction of new-range of products that will not only cater to the domestic market but also the international markets we are confident of achieving nearly 40% of revenues from exports.

Currently, the powertrain division contributes $200 million in revenues and we are confident of achieving $1 billion target in the next six years," he added. 

Find your daily dose of news & explainers in your WhatsApp. Stay updated, Stay informed-  Follow DNA on WhatsApp.
Advertisement

Live tv

Advertisement
Advertisement