Mahindra agreed that the year 2013 and 2014 was a bit slow for them, as far as new launches are concerned. But they assured that from 2015 onwards, they will be back on track and will launch atleast two new cars every year.
Built on a completely new platform, Mahindra S101 will be a entry level SUV which will also be offered in a petrol engine option.
Mahindra has extensive plans in store for 2015 when three new vehicles will be making their way in. These will include two compact SUVs which will aid the company in strengthening its position in domestic markets.
The two upcoming sub 4-meter compact SUVs and a light commercial vehicle from Mahindra and Mahindra will all be seen based on completely new platforms. One of the SUVs is S101, which has been spied testing on many occasions. S101 is expected to receive a three seater front bench, steering mounted multifunction controls, automatic climate control and new infotainment system. Built on a new monocoque platform, S101 will be very much like a hatchback in dimensions, but the styling, seating, steering position, etc are made to give SUV feel.
The second SUV due for launch in 2015 is expected to be the U301, which will replace the existing Bolero – India’s highest selling SUV, while LCV will be in the form of P601. (S101, U301, and P601 are all codenames)
Dr. Pawan Goenka, Executive Director, Mahindra & Mahindra Ltd. signs a Memorandum of Understanding with Shri Apurva Chandra, Principal Secretary (Industries), Government of Maharashtra.
Apart from this, Mahindra has planned heavy investments to the extent of INR 4,000 crores at the company’s Chakan plant, which will take total annual capacity upto 7.5 lakh units. The company is also in the process of acquiring 51 percent stake in Peugeot Motorcycles for €28 million while M&M is developing new series of engines with their Korean arm SsangYong.