To cope up with the ever increasing competition from the other automakers of the country, Mahindra is planning to increase it’s exports. Presently Mahindra stands third in sales after Maruti and Hyundai. With the launch and consistent growth of Tiago from Tata Motors, Mahindra got a serious competition. On the other hand Renault-Nissan alliance and Honda Motors are also posing serious competition for third position. Already Honda Motors once displaced Mahindra from third place although for a brief period.
“The LHD version of the KUV100 has been developed in both diesel & gasoline fuel options and the exports will soon start,” a source close to the development told ETAuto.
According to source, Mahindra is expected to export 20,000 units of KUV100 to South Africa and Hungary. Exports to South Africa will go as a kit and will be assembled at its local plant, which was set up in 2004. While in Hungary it will go as Completely Built Units (CBU).
In the first quarter of the fiscal year 2016-17, Mahindra’s PV exports grew by 137 percent to 2,539 units compared to the same period a year ago.