Country’s largest utility vehicle maker, Mahindra & Mahindra made a big time announcement at the 2012 Auto Expo held at Delhi with not less than 27 vehicles at display including all the two-wheelers, the passenger vehicles and the commercial vehicles. Now the company seems to be climbing the ladder of success faster than many.
Today Mahindra & Mahindra, President (Automotive Business), Mr. Pawan Goenka stated “We have a capital allocation of Rs 5,000 crore for the next three fiscals and plan to launch six new models this fiscal”. M&M currently enjoys about 12% share in the market and expect this to grow with the launch of new vehicles. He further added that investments of as much as Rs. 2,500 Crores will be made in coming three fiscals.
Talking about the flagship model of Mahindra, Mr. Goenka said that “The supposedly ‘inspired by cheetah’ vehicle will soon be launched overseas at Australia, Chile and Western Europe. It may be noted that the car is already on sale at South Africa and Brazil”. The details regarding the six vehicles to be launched in the next three years have not been revealed by the company yet.
What we say? These six models may include the Mahindra Xylo Mini, Mahindra Verito CS (Compact Sedan), Mahindra Verito based hatchback, Ssangyong Mahindra Rexton SUV, Ssangyong Mahindra Korando and the electric car Mahindra Reva NXR.
Also see – 2012 Auto Expo – Mahindra & Mahindra “6 new cars by 2013”