Mumbai, Aug. 14 -- Mahindra & Mahindra aims to gain market share from market leaders Tata Motors and Ashok Leyland by leveraging the combined SML Mahindra entity to plug gaps in its commercial vehicle portfolio and launch new products in segments where it is not currently present, according to a top executive.

In an interview with Mint on the sidelines of new product launches, Vinod Sahay, president of Trucks and Buses and executive chairman at SML Mahindra, said that the businesses are developing two new engines, one each for Mahindra and SML, to launch new, heavier trucks in the intermediate commercial vehicle segment, where it has a limited presence, in a bid to take on market leaders.The new engines, expected over the next two years,...