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Mahindra & Mahindra planning to launch another SUV product

From business.techwhack| May 30 , 2007

Mahindra & Mahindra planning to launch another SUV product

Mahindra & Mahindra is one of the leading domestic automobile manufacturer in India. The company has had good success with their Scorpio SUV.

They also recently went into a partnership with Renault and have launched the Logan sedan in the Indian market at attractive prices.

Now, M&M has announced their future plans which includes investments of Rs 2,000 crore on various plans.

Pawan Goenka, president of the company’s automotive division: “We are working on two new platforms, one is for an SUV (sports utility vehicle) that will take us slightly upmarket and the other is for a cargo and passenger vehicle.”

They also are working on plans to enter the US pick-up truck market. Goenka added: “We are working on the emission and safety norms for the truck, which will be based on the Scorpio platform.”

M&M however clarified that their upcoming SUV product for India is unlikely to be exported to other markets in the near future.

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