September is going to be exhilarating with an average of two car launches per week, starting premium sedan segment to drool-worthy super car space. Here is a brief info on all cars that are confirmed / expected to launch this month, in the order of price.
Mahindra & Mahindra‚Äôs earlier attempt in 2012 to launch their UVs and Pick-Up trucks in the US market failed to take off. The attempt ended badly with five dealers from New Hampshire, Florida, California, New Jersey, and Washington filing lawsuits against &M and Mahindra USA. Two years later, the company has once again set in motion an entry into the country and what is considered a highly competitive market.
Scorpio is probably the most important product for Mahindra in India, which was first launched way back in 2002. It still generates good numbers which is why Mahindra is very careful in upgrading the SUV with redesigned elements and new tech bits.
Leading automakers in India with a prominent presence in the state of Maharashtra have planned fresh investments in their various facilities just ahead of the Assembly Elections. The Government of Maharashtra has signed four agreements with four leading automakers to the tune of INR 11,510 crores.
Mahindra & Mahindra plant in Chakan, Maharashtra enters a new phase of expansion for which the company has planned investments to the tune of INR 4,000 crores over a period of 7 years. The M&M plant in Chakan was inaugurated in March 2010 with an investment of INR 4,000 crores and with installed capacity of 3 lakh units.
Competition Commission of India (CCI) has imposed a total penalty of INR 2,545 crores on as many as 14 auto companies in India for anti competitive practices on spare parts. Among these auto makers are Maruti Suzuki, Tata Motors, and Honda Cars India.
Mahindra is known to produce cars that are frugal yet practical for everyday use. The company whose product portfolio is dominated by SUVs have been struggling to get good results out of Verito sedan, yet they came up with Verito Vibe compact sedan. Here is drive review of Mahindra Verito Vibe.
Mahindra & Mahindra‚Äôs Farm Equipment and Two Wheeler Division has registered lower than expected sales in July 2014 following delay in arrival of monsoons which led to late sowing and impacted farmer sentiments. However, with the revival of the monsoons and the upcoming festive season, the company now expects to see more positive sales in the coming months.