Mahindra & Mahindra is planning to increase the production
of its sports utility vehicle (SUV), the Scorpio, in order
to reduce the waiting time for buyers. At present, the
waiting period for the Scorpio is about three weeks.
general manager (sales and marketing, automotive sector)
Akhilesh Kumar says the company will increase the production
capacity of the Scorpio to 3,000 units per month in the
next three-four months, from the current 2,400 units.
M&M has been periodically increasing the production
levels of the Scorpio since its launch last year.
success of the Scorpio in the Indian market is leading
the company to contemplate bringing in other SUVs into
India. Also, with the launch of a number of SUVs like
the GM Forester, Honda-CRV, Hyundai Terracan and the Suzuki
Grand Vitara, this segment has become very competitive
in recent times.
compete more strongly in this segment, M&M recently
initiated talks with Korean automobile major Ssangyong
to launch the seven-seater SUV, the Rexton, in India.
executive director and president (automotive sector) Alan
Durante says discussions with Ssangyong are on and the
outcome will depend on the price the Rexton could be offered
in India. The company will either bring in the cars as
completely built units (CBUs) or as semi- or completely-knocked
down kits and assemble them locally.
say the Rexton, which is priced in the Rs 15-18 lakh range,
is considerably smaller than other imported SUVs that
are crowding Indian roads. It is also a relatively new
international product and was launched in the Korean market
in 2001. The vehicle comes fitted with a Ssangyong IDI
2874cc turbo-diesel engine.
earlier a part of the Daewoo group, is now an independent
company specialising in manufacturing SUVs. The company
sells its vehicles in Western Europe, China, New Zealand,
South Africa and Malaysia. Most of these vehicles are
priced in the Rs 14.9-19 lakh range.
announced a 445-per cent surge in its net profit for the
first quarter this fiscal. The company ended the first
quarter of the year with a net profit of Rs 42.49 crore
for the quarter ended 30 June 2003 as compared to Rs 7.79
crore a year ago. Its total income also rose 22 per cent
from Rs 831.48 crore last year to Rs 1,013.77 crore this