Plan to generate business worth Rs 1500 cr in 2009-10: Mahindra

TIRUCHIRAPALLI: Mahindra Powerol, the Diesel Gensets division of Mahindra & Mahindra Limited, has projected generation of Rs 1,500 crore business in 2009-10, up by Rs 500 crore from 2008-09, according to a top company official.

"In 2008-09, the division surpassed Rs 1000 crore business against Rs 565 crore struck the previous year," (2007-08), Sachin Nijhawan, general manager (retail business), told media.

To achieve the projected business figures, the company planned to increase the number of sales dealers in the country from 135 to 175 and showrooms from 52 to 100, he said.

He said the company at present has three manufacturing facilities at Pune, Delhi and Chennai and 14 OEMs (Original Equipment Manufacturers).

Though there was no plan to add any OEM, production capacity at existing manufacturing facilities and others would be enhanced to meet sales potential, he said.

He said the recent launch of 320 KVA model had generated good business and added that a genset adapted to wind energy generation would be unveiled after testing of prototypes. Commercial production would begin before year end, he said.

Sachin said a special thrust would be given this year to increasing exports 10 fold by volume.

N P Sukumar, managing director, SAR Energy Pvt Ltd and OEM of Tamil Nadu and Puducherry, said subsides given by the Tamil Nadu government for purchasing DG sets would help increase sales.

The first unit of a new model which can generate power from bidodiesel fuel would be sold to a client at Theni in Tamil Nadu engaged in power generation, he said.