Mahindra Enters 2 New Businesses in Bhutan
Diversifies into Truck & Bus, and Construction Equipment with Singye Agencies
• Launches a host of products in Truck & Bus
o Blazo Truck range, Torro 25-Tipper, Loadking Optimo, and Buses
• Marks entry into the Construction Equipment business with Earthmaster SX 4WD
• All set to cash-in on the green shoots of Commercial Vehicle, and Construction industries in Bhutan
• Expands footprints and presence across its existing network in Bhutan.
Thimphu, July 29, 2017: Mahindra & Mahindra Ltd., a part of the USD 17.8 billion Mahindra Group based in India, today announced its entry into three new businesses in the Kingdom of Bhutan with the debut of Truck & Bus, and Construction Equipment businesses. The company will set up these two new businesses in partnership with M/s Singye Agencies, its long-standing partner of over 25 years.
Mahindra has strengthened its position in Bhutan over the last 25 years being No.1 Pick Up brand and now it is set to further bolster its position in the kingdom with the introduction of a new range of products and equipment from the Mahindra stable. Under the Truck & Bus category, Mahindra launched the Blazo 25, Torro 25 Tipper, and Loadking Optimo. The range of Construction Equipment will include one of the most efficient backhoe loaders, the Mahindra Earthmaster SX 4WD. This is part of the company’s strategy to enhance its presence in the country.
Speaking on the announcement, Mr. Sanjay Jadhav, Vice President, Head of International Operations - (South Asia), Mahindra & Mahindra Ltd, said. “We are delighted to launch the Mahindra range of trucks and buses, and construction equipment in Bhutan, which has strategic importance for Mahindra in the South Asia region. Mahindra vehicles have carved a distinct niche for themselves in Bhutan with their unique combination of rugged utility and style. Our partner, Singye Agencies, is one of Bhutan’s most established automobile companies and their sound knowledge of the local market coupled with professional expertise have ensured our success. Going forward, we are confident that our new range of products will set new benchmarks and help us to further entrench brand Mahindra in the market”.
Speaking on its association with Mahindra in Bhutan Mr. Ugen Tsechup, Chairman Singye Agencies said,” We are proud of our association with Mahindra which has endured over the past 17+ years. Our objective is to offer world-class products to our customers at competitive prices. With their tough and rugged DNA, we believe that Mahindra vehicles and equipment have a strong value proposition which will make these the preferred option in their respective segments. It is an exciting opportunity for Singye Agencies as we diversify our product portfolio and assist the Mahindra Group in expanding its business footprint in the country.”
The Mahindra Group is a USD 17.8 billion federation of companies that enables people to rise through innovative mobility solutions, driving rural prosperity, enhancing urban living, nurturing new businesses and fostering communities. It has a leadership position in utility vehicles, information technology, financial services and vacation ownership in India and is the world’s largest tractor company, by volume. It also enjoys a strong presence in agribusiness, components, commercial vehicles, consulting services, energy, industrial equipment, logistics, real estate, steel, aerospace, defence and two wheelers. Headquartered in India, Mahindra employs over 200,000 people across 100 countries.
Learn more about Mahindra on www.mahindra.com / Twitter and Facebook: @MahindraRise
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