Mahindra revealed their plan to introduce a sub Scorpio SUV for the mass market, at the World Economic Forum Annual Meeting held from January 21-25, 2014. The news was revealed by Mahindra’s Senior Executive, Dr Pawan Goenka, in an interview with PTI.
Speaking more on the subject, Dr Goenka adds that the market condition currently in India does not allow them to launch a big SUV, above the XUV500, which currently is priced at about Rs 12 lakh. On the other hand, demand for smaller SUV’s has grown exponentially, eg- Ford received 60,000 orders for their sub 4 meter EcoSport compact SUV in India.
This new Mahindra mass market SUV, once launched is expected to be a sub 4 meter variant, so as to take advantage of less excise duty. A compact Mahindra SUV has already been spotted while out on test on Indian roads. You can have a look at the spy shots here.
In the meanwhile, M&M has reported a 13.77% fall in January 2014 sales. Total sales during the month stood at 42,685 units as compared to 49,503 units sold during January 2013. Passenger sales including UVs and Verito sedan stood at 19,792 units in January 2014 as against 26,555 units sold in January 2013. Domestic sales stood at 40,324 units during January 2014 and 47,841 in January 2013 while the company sold 15,100 commercial vehicles and 4,710 three wheelers during the past month.