Mahindra & Mahindra today launched a limited edition of its Verito sedan called Verito Executive, priced in the range of Rs 5.95-7.09 lakh (ex-showroom Delhi). The new variant, targeted at corporate professionals or businessmen, will be available in two colours--pearl white and walnut brown, the company said in a statement.
Just over a year after breaking up its joint venture with Renault, Mahindra & Mahindra on Monday said it has renamed the 'Logan' sedan as 'Verito', thus completely dropping the French automaker's badge from the entry level sedan.
The car has a terrific ride quality, generous cabin space and a fuel efficient diesel engine.
The car will compete with Maruti Swift and Honda Amaze.
The new Mahindra Verito will face stiff competition from Maruti Swift Dzire and Toyota Etios.
The diesel hatch is expented to be priced at Rs 5.3 lakh.
The car will be available in both petrol and diesel options and will take on Maruti Suzuki's DZire and Toyota Kirloskar Motor's Etios.
Mahindra & Mahindra Ltd, the country's largest utility vehicle maker, will roll out a sub-four metre compact model of Verito, the rechristened Mahindra Logan, which is expected to attract only 10 per cent excise duty instead of the earlier 22 per cent. Also, it will have a lower price tag.
Hyundai Assan chairman Umit Karaarsalan confirmed that the company is working on a compact sedan at the Izmit plant in Turkey. The car will use the next generation i10 components.
If the alliance works out as planned, it will give a big boost to Mahindra, as it has been struggling with its only car model Verito, managing to sell around 200 units a month
That means a manufacturer looking at a market like India needs to decide whether small, cheap cars or small, expensive cars or both will work better for them, says Pavan Lall.
Tata Motors created the idea some four years ago with the Indigo CS, but not much has happened so far.
Its portfolio comprises of some amazing models like Mahindra Scorpio, Mahindra XUV 500, Mahindra Verito sedan and Mahindra Xylo.
Total sales of passenger vehicles, including Scorpio, XUV500, Xylo, Bolero and Verito, stood at 20,748 units as against 20,554 units in April 2012.
With the Thar, M&M has come full circle. In a market where every other vehicle has an SUV tag, the company plans to stick to its core competence of making rugged, true-blue, all-terrain SUVs, and marks a fresh beginning for the 75-year-old firm that enjoyed an indomitable position in the SUV segment till 2012, reports Shally Seth Mohile.
Mahindra launches e-mobility platform 'Glyd' to take on Ola, Uber. Targeted at office-going executives, it offers web-conferencing, curated entertainment and music content from selective partners.
New electric and hybrid vehicles on display as manufacturers plug into environment-friendly segment.
Various factors, including robust demand in rural markets and good response to new models, helped in driving the sales.
Utility vehicles leader Mahindra and Mahindra on Monday announced a nominal 0.5 per cent price hike across all models, expect for the premium sports utility vehicles XUV 500 and the Rexton from its Korean arm, despite falling sales, which dipped nearly 8 per cent in June.
There is also lack of mandate from the government on adoption of electric mobility after ambitious talks of moving all new automobile sales to electric by 2030
Auto major Mahindra & Mahindra on Friday said it will hike the prices of its passenger cars and commercial vehicles by Rs 6,000 to Rs 20,000 from October 1, partly to offset higher input costs and depreciation of rupee against the dollar.
Maruti Suzuki India said its domestic sales rose 10.6 per cent in May.
The ban does not speak about used luxury cars.
Joint crack team of Maruti, Tata Motors, M&M to develop hybrid cars in India
Maruti Suzuki, Hyundai and M&M draw visitors with a range of concept cars.
Top 5 losers include Infosys, TCS, ITC, M&M and HUL.
Audi India launched the second generation 2016 Audi R8 at the show.
Auto major Mahindra has ambitious plans for its electric cars project, that include ramping up its output to 60,000 units a year, high-end electric powertrains, and 380 to 650 volt battery systems.
During September, Maruti said it dispatched 1,375 units of the soon-to-be-launched sedan Ciaz.
Auto major Mahindra launches yet another SUV, and Rajesh Karkera/Rediff.com puts its through the paces.
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