Motilal Oswal
  • SENSEX
    NIFTY 50
Motilal Oswal
VIDEOS
Auto

M&M will launch automatic transmission model of XUV300 in next few months, says Pawan Goenka

Updated : February 14, 2019 04:00 PM IST

Mahindra and Mahindra launched its all-new car- Mahindra XUV300, a third one in its compact SUV segment. Speaking from the sidelines of the launch, Pawan Goenka, MD of the company said to make three new product launches in a year amidst painful times for the auto sector.

Goenka says, "No matter how hard one has worked on the products, there are some last minute things that have to be resolved. However, it was a tough task for an auto company to launch three products in a single year." He added that he expects the new model to do lion’s share of sales when compared to recently launched models of the company, i.e. Marazzo and Altura.

Coming to the pricing of the model, Mahindra XUV 300 will be priced at Rs 7.9 lakh (petrol variant) and Rs 8.49 lakh (diesel variant), the sub-compact sports utility vehicle is expected to provide stiff competition to existing models in the segment such as Tata Nexon and Ford Ecosport.

The automatic transmission model for the XUV300 will be out in few months, and the next big thing will migration to BS-VI. "With the focus on BS-VI, don’t expect automakers to have significant launches for next 12 months. Right now we are focusing fully on taking the mammoth task of changing all our portfolio to BS-VI,” said Goenka.

He also confirmed that they are not looking at discounting of M&M vehicles to beef up sales.
primo org
Have you signed up for Primo, our daily newsletter?
It has all the stories and data on the market, business, economy and tech that you need to know.
cnbc two logos
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more
Live TV