Hindustan Motors [Get Quote] said on Friday it will soon launch a high-premium sports utility vehicle in the Indian market.

"We are expecting to launch the high-premium SUV 'Outlander' by this year itself in the Indian market and it would be placed between Mitsubishi's Pajero and Montero," company's Executive Vice-President Y V S Vijay Kumar told reporters here on the sidelines of HM's tie-up with Pune-based Opulent Auto Care.

The vehicle may be priced around Rs 30 lakhs (Rs 3 million), he said.

Kumar said the sales performance of Montero was good. "So far we have sold 600 units. We sell around 250 units of Pajero every month and cities like Delhi, Bangalore, Mumbai have reported good sales performance."

Referring to the tie-up with Opulent Auto Care, which mainly caters to value added services for automobiles, Kumar said that the concept is gradually gaining importance from vehicle owners.

Opulent's Managing Director S Sathyaprakash said through the contract, the company expects a turnover of Rs 70 crore (Rs 700 million) this year.

Opulent will increase its market presence from the present 65 cities to 90 cities by the year-end, he said.