M&M cuts Scorpio prices by upto Rs70,000

07 March 2009

Mumbai: Indian sports utility vehicles and tractors major Mahindra & Mahindra (M&M) has launched new models of Scorpio and also reduced prices of the premium sports utility vehicle by Rs70,000 to Rs25,000.

M&M may also slash prices of the Bolero, but would raise the price of the Xylo, its recently-launched multi-purpose vehicle .

With the price cuts the the new Scorpio VLX will cost Rs9.2 lakh or Rs70,000 less, while the low-end LX model will be cheaper by Rs25,000 at Rs7.2 lakh.

The Scorpio has also been upgraded to meet Bharat Stage 4 emission norms, which are set to be enforced in a year's time. 

Pawan Goenka, president M&M (automotive sector) said the price cuts would reduce the price differential between Scorpio and Xylo and help reduce cannibalisation between the two vehicles.

M&M said it has pumped in Rs50 crore for the new Scorpio, which with a revamped look was launched so that the Xylo doesn't cannibalise Scorpio, its ace product.