In US 1st yr, Mahindra sales could fetch $ 750 m

Making its intention clear that it wants to seriously do business with the Mahindras, US based Global Vehicles has made a few observations on the infrastructure that it has created to launch Mahindra-brand trucks in the United States. “The strength of Global Vehicles is the 347-dealer distribution network we created to launch Mahindra-brand trucks in the United States,” said John Perez, CEO, Global Vehicles U.S.A. “When we say we’re ready to get down to business, we mean it. The financing is in place to deliver hundreds of millions of dollars in sales,” he added. First year sales could reach 30,000 units, worth $750 million. Global Vehicles and its dealers have invested nearly $100 million to launch Mahindra-brand vehicles in the United States. According to the company, 8 of Global Vehicle’s dealers sell in excess of 120,000 units annually for other automakers. Combined, the Global Vehicles network sells more new cars and trucks in a year than Mahindra produces worldwide. Global Vehicle’s dealers are experienced, well capitalized and have access to more than $1 billion in credit facilities to support their facilities, order vehicles and deliver outstanding customer service. The $35 million truck order Global Vehicles placed on Sept. 24 on behalf of Mahindra dealers in the Southeast for the first phase of the launch is only a fraction of the potential for the region — and the nation.