“We are working on the whole range of ICV segment and the first set of products will be launched in FY19, as part of our plans to become a full range CV player,” MTBD chief executive officer Vinod Sahay said here. The firm is investing Rs 600 crore for a new platform at Chakan, Maharashtra, where it will develop a range of ICV and LCV (light commercial vehicle) products, said Sahay. 

“The company is in the process of addressing every segment of the commercial vehicle market, from 3.5 tonne gross vehicle weight (GVW) to 49 tonne GVW, with variants that meet the varying needs of cargo and specialised load applications,” he said.