M&M’s diversification model is moving on in the right direction
IIPM PUBLICATION
The investment is in sync with its plans of launching Ingenio & Logan in utility vehicle (UV) and passenger car segment, respectively. M&M has a strategy of differentiating itself from the herd. It created its supremacy by prudently venturing into those segments in which the competition was the least like UVs and three-wheelers. At present M&M enjoys a 32% market share in tractors & 44% in UVs. But will M&M be able to successfully diversify into the already crowded passenger cars segment? Its task becomes even more knotty as global auto giants line up multimillion dollar investments.
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Source : IIPM Editorial, 2006, Arindam Chaudhuri's Initiative
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