Mahindra Launches Veero to Capture SCV Market

23 Sep 2024 CW Team

Mahindra and Mahindra (M&M) is targeting the under-3.5-tonne small commercial vehicle (SCV) segment with the launch of the Veero, developed on its Urban Prosper Platform (UPP). The Veero will offer multi-fuel options, including diesel and CNG, with an electric variant planned for the future.

The Veero is priced at ?7.99 lakh for the entry-level model. M&M has ambitious plans to expand its light commercial vehicle (LCV) portfolio, with plans to introduce seven new models by 2030, all addressing intra-city logistics needs.

Nalinikanth Gollagunta, CEO of M&M's automotive division, stated that UPP is a modular platform engineered to handle payloads of 1-2 tonnes across multiple deck lengths and powertrain configurations. The company has invested ?900 crore in developing the platform and the Veero, with additional investments anticipated as production scales up.

M&M aims to enhance total cost of ownership, comfort, and performance, focusing on the intra-city market where it has traditionally been strong in inter-city operations. Gollagunta noted that while diesel and CNG have proven viability, the demand for electric vehicles (EVs) could grow due to ESG mandates from e-commerce companies.

Currently, M&M holds a market share of over 50% in the less-than-3.5-tonne segment and expects to increase this share as it taps into the intra-city market. Despite a recent decline in sales, with 2,957 units sold under 2 tonnes in August and 14,661 units in the 2-3.5-tonne category, M&M received positive feedback during a month-long market test of the Veero.

Infrastructure Urban

06 Jul 2026

ABS Marine Sees CRISIL Credit Rating Upgrade

ABS Marine Services has secured an upgrade to its long term and short term credit ratings from CRISIL, reflecting improved profitability and revenue growth through long term contracts. CRISIL moved the long term rating from BBB+/Stable to A-/Stable and revised the short term rating from A2 to A2+. The action signals strengthened financial metrics and operational resilience. The company benefited from durable client relationships with firms such as ONGC and Schlumberger. The rating decision followed stronger cash flows and an enlarged bank loan facility, which increased from Rs 3,705 million (m..

Project BRAHMANK Marks 16 Years Of Strategic Roads In Arunachal

Project BRAHMANK is marking 16 years of work to establish strategic road and bridge links across Arunachal Pradesh, maintaining and developing 811 kilometres of roads and nearly 86 bridges that range from small culverts to large steel and arch bridges. These transport links are described as critical for ensuring year-round movement of defence personnel, equipment and essential supplies while improving everyday travel for people in remote villages. The project balances national security requirements with regional development by focusing on reliable access in challenging terrain. Notable enginee..

Longleng CSOs Give One Week Ultimatum Over Two-Lane Highway

Civil society organisations (CSOs) in Longleng district have demanded immediate restoration of the deteriorating Changtongya–Longleng two-lane road and sought a detailed status report on the stalled construction within one week. The demand followed a consultative meeting convened under the Phom Peoples' Council (PPC) to discuss welfare and development concerns. PPC president YB Angam Phom said prolonged non-maintenance had caused hardship to commuters and affected transportation, local commerce and the district's development. The meeting urged authorities to undertake immediate restoration a..