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 Energy

17 Dec 2025

Vedanta Aluminium Uses 1.57 bn Units of Green Energy in FY25

Vedanta Aluminium, India’s largest aluminium producer, recently reported consumption of 1.57 billion units of renewable energy in FY25, marking a significant milestone in its 2030 decarbonisation roadmap. The company also achieved an 8.96 per cent reduction in greenhouse gas (GHG) emissions intensity compared to FY21, reinforcing its leadership in India’s low-carbon manufacturing transition. During FY25, Vedanta Aluminium expanded its renewable energy portfolio through long-term power purchase agreements, strengthening its strategy to source nearly 1,500 MW of renewable power over the lon..

Oberoi Group to Develop Luxury Resort at Makaibari Tea Estate

EIH Limited, the flagship company of The Oberoi Group, has announced the signing of a management agreement to develop an Oberoi luxury resort at the iconic Makaibari Tea Estate in Darjeeling. The project marks a key milestone in the Group’s long-term strategy of creating distinctive hospitality experiences in rare and environmentally significant locations. Established in 1859, Makaibari is one of the world’s oldest tea estates and is globally recognised for its Himalayan landscape, primary forests and exceptional biodiversity. Spread across 1,236 acres, the estate houses one of the world�..

GHV Infra Secures Rs 1.09 Bn EPC Order in Jamshedpur

GHV Infra Projects Ltd, a fast-growing EPC company in India’s infrastructure and construction sector, has recently secured a Rs 1.09 billion work order in Jamshedpur, Jharkhand. Awarded by a reputed group entity, the contract covers end-to-end civil construction, mechanical, electrical and plumbing (MEP) systems, along with high-quality finishing works for a large building development. The project will be executed over a 30-month period, with defined benchmarks for quality, safety and timely delivery. The order strengthens GHV Infra’s footprint in Jamshedpur, a key industrial hub known fo..