Mahindra & Mahindra is planning a series of launches in the coming 18 months. The company is working on 7 new models which will be launched in the future. The 7 new vehicles include a new flagship SUV, compact Xylo, two Ssangyong SUVs, new Logan CS, Thar and US version of Scorpio.
Pic source: Autocarindia
“We are in the process of working out a number of new models, and these would hit the market in the next 15-18 months,” Rajesh Jejurikar, chief executive of Mahindra’s Automotive Division, told TOI. Jejurikar said the Indian automotive market, including the SUV segment, was growing at a fast clip.
“Our focus would clearly remain in the SUV space and a variety of factors make us confident on the segment that we feel will grow at double-digit rates over the next few years. While globally the ratio of SUVs and MPVs to carsis 40%, in India it is still at 15%. Now, with the rapid growth in demand, even if this goes up to 22-23 %, we are talking of sustained double-digit growth over the next couple of years.”