Pune: Powertrain division of Mahindra Group launched a new range of 125kVA diesel generators on Monday and is eyeing to touch USD 1 billion (about Rs 6,600 crore) in revenues over the next six years.
Mahindra Powerol, which is a part of the Powertrain division, launched the 125 kVA DG sets priced at Rs 7.24 lakh that includes the cashless service charges of Rs 1.25 lakh, which the company launched as a part of its five-year super-shield plan for this product.
"We are seeing a growing demand for higher voltage DG sets especially from the real estate point of view which includes high rises, hotels, educational institutes, and hospitals, among others," Mahindra Trucks & Powertrain president and chief executive Rajan Wadhera told reporters here.
"We are confident that this product will put us engaged in DG sets on the fast-track within the power generation industry with our future products and service offering," Wadhera added.
Under the powertrain division, the company manufactures gensets, engines and transmission and also provides engineering services.
"We divide the powertrain business as gensets and non-gensets. The gensets business itself contributes nearly 85 per cent of out revenue. We will continue to increase our gensets not only in volumes but also in capacity as we plan to take it to 320 kVA next year and going forward to up to 1 MW," Wadhera said.
At the same time, the company will also continue to introduce higher capacity engines that will cater to industries like the marine, construction equipment, cranes, forklifts, tractors, among others, he said, adding the Euro 6 emission norms will enable the demand for its engines to rise significantly.
"With the introduction of new-range of products that will not only cater to the domestic market but also the international markets we are confident of achieving nearly 40 per cent of revenues from exports. Currently, the powertrain division contributes USD 200 million in revenues and we are confident of achieving USD 1 billion target in the next six years," he added.
(with agency inputs)