Mahindra & Mahindra on Thursday said it will launch a micro-hybrid version of its latest multipurpose vehicle Xylo before the year-end, while it gears up to roll out two electric cars from the Reva stable by the end of 2011.
Gateway has a contemporary look with all controls designed with ease of access and operation in mind. The Gateway is fitted with an alarm, immobiliser and offers keyless entry. It is powered by 2600 cc common rail diesel engine.
The company also said reports about recall of some of its Scorpio and Xylo vehicles are false.
The exercise is in keeping with SIAM's voluntary code on vehicle recall
The market is abuzz with the talk of Snapdeal raising up to $600 million (Rs 3,600 crore) with new investors such as Japan's Softbank and Japanese e-commerce company Rakuten.