Mahindra and Mahindra is the biggest name for SUV segment in India. The Company has the largest share hold in the diesel SUV market. Now as the updations of the budget by government has given a threat to every single consumer and the auto makers too. As per the aired news about Mahindra & Mahindra, it was a prediction that after the budget announcement M&M might get effected, but alas it went in vain.
Mahindra & Mahindra has announced a recent intention of theirs to replace their ageing models of the cars and will be taking a help for this from its Korean Parallel fellow SsangYong. The old models will be replacing some of the fresh models in the SUV segment by the upcoming year 2015.
As we all know that we are copying USA’s trend of keeping a different vehicle for a different need and thus SUV market has grown very fast in last two years in India and might be possible due to this the long visionary Mahindra and Mahindra dreamt something big for coming years for himself as well as for India.
The space for utility vehicle has been taken by some of the big leads like Ford, Renault and Tata. Mahindra & Mahindra in order to take a lead in coming two years will be going to produce some of the dashing and refreshed models to beat the prevailing heat. The parallel Korean partner SsangYong will be developing some great models in coming two to three years for Mahindra. As the Indian automobile mart is looking forward for the good growth in SUV segment so Mahindra & Mahindra also have a similar thought. In order to complete the dream the company is going to launch a new model with SsangYong.
Mahindra and Mahindra is a maker of the durable utility vehicles such as Bolero, Scorpio, Xylo, Quanto and the XUV 500 which helped the maker to get a count of 44% growth during the month of February 2013. Mahindra & Mahindra will not be introducing much of the new models as the company doesn’t want to crowd up the lineage and in order to maintain this Mahindra would be thus producing two new variants of the XUV500. As per Mahindra and Mahindra the XUV 500 models would be going to priced as per the available variants, might be they go high or low in the range.
Also read- Mahindra To Invest $900 Million In SsangYong Motors For Platform Development and Mahindra And SsangYong Joint Development Roadmap
via- Live Mint
