Mahindra & Mahindra expands in Sri Lanka: SLPL Man of the Series Shaminda Eranga wins XUV500
The Mahindra Group will be launching scooters for a start and will soon launch their range of motorcycles as well. These products will be imported from India into Sri Lanka which is presently the company’s largest export market. Concentration of their range of two wheelers will be in small towns and villages in Sri Lanka.
Foraying into the aviation sector is also a possibility that M&M is opting for through their Aerospace subsidiary Gripps Aero. The company recently sold their first small aircraft GA8 Airvan in Sri Lanka and it is this that has prompted them to forge ahead in this area. They have appointed Ideal Favorite Aviation as their marketing and sales representatives in the country. Besides these plans, M&M have also plans of expanding their range to offer housing loans and insurance broking in the not too distant future.