Mahindra & Mahindra (M&M) is planning to launch
a new sports utility vehicle (SUV), Rexton, sourced from
South Korea-based Ssangyong Motors, once owned by Daewoo
Rexton will be priced slightly above the Scorpio. The
company will make the decision as to the whether the SUV
will be manufactured in India or imported and sold as
a fully built imported vehicle.
launch of the vehicle will mark the entry of M&M into
the premium SUV segment. The new SUV will compete with
SUVs like the Chevrolet Forrester and the Suzuki Grand
vehicle, expected to be priced in the range of Rs 13-15
lakh, is powered by a 290-litre turbo diesel engine and
is capable of shifting from a two-wheel drive to a four-wheel
SUV was designed in collaboration between Daewoo and Ssangyong,
and Daewoo even marketed the vehicle in Ireland just before
expects to use Ssangyong''s marketing network to market
its Scorpio in Korea and other ASEAN markets in return.
Ssangyong, a truck and sports utility vehicle producer
from South Korea, was purchased by Daewoo in 1998 and
later hived off when the latter''s troubles began.