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The KUV100 price starts at 4.58 lakh and its new avatar will be available on the top end K8 variant for Rs 6.37 lakh, at a differential of Rs 13,000 only, the Mumbai-based company said in a statement.
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Reflecting challenges faced by
automobile industry in the wake of demonetisation, auto majors
Hyundai Motor India, Mahindra & Mahindra and Ford India today
reported decline in their domestic sales in December.
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The ex-showroom prices of its small commercial vehicles (up to 3.5 tonnes) would also increase in the range of Rs 1,500 to Rs 6,000 from January, he added.
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The technology will enhance productivity of these vehicle owners, opening up a whole new dimension to the experience of vehicle ownership, M&M today said in a statement.
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Christened as 'New Bolero Power+', its engine delivers 13 percent more power and 5 percent more mileage over the existing Bolero, M&M said in a BSE filing.
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In a relief to automotive industry, the Supreme Court on Friday lifted the ban on registration of diesel cars in the National Capital Region, subject to a 1 percent cess paid at the time of registration.
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The new version is equipped with 'Intelli-Hybrid' technology that helps reduce fuel consumption by up to 7 percent by assisting the engine with electric power during acceleration, automatically switching the engine off while the vehicle is stationary (start-stop) and re-using brake energy, which would otherwise be wasted, a company statement said.
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The entry-level e2o City is priced at 12,995 pounds, while the higher-spec TechX version would retail at 15,995 pounds and includes a host of features like touchscreen infotainment centre with reversing camera, telematics, leather seats, alloy wheels and a rapid charging port.
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Mahindra & Mahindra today reported 17 percent rise in total sales to 52,718 units in March as against 45,124 units sold in the same month of last year.
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NuvoSport is based on the same new generation platform as the Scorpio but sport a bold and aggressive styling, the company said, adding the new vehicle is targeted at those leading an active, outdoorsy lifestyle.
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Credit Suisse in its note says the company sees 100 basis points negative margin impact from Q4FY16 onwards due to phasing out of excise duty incentives at Haridwar plant.
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In an interview with CNBC-TV18, Pravin Shah, President and Chief Executive-Automotive at M&M said that the demand in urban market remains to be strong while the rural demand continues to struggle.
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he company is banking on the KUV100, which has crossed 21,000 bookings a month after launch, and its another new model TUV300, to gain additional volumes.
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The company had sold 39,930 units in January 2015, M&M said in a statement. In the domestic market, its sales were up 9.84 percent at 40,693 units last month as against 37,045 units in January 2015.
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Pravin Shah, president and chief executive – automotive division, M&M, explains why he expects the vehicle to do well even in a declining small commercial vehicle market
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The premium pickup range would be manufactured at the company's Chakan plant and will be introduced in the country in early January, Mahindra & Mahindra (M&M) said in a statement
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The automatic XUV500, whose W8 FWD variant will be sold at the starting price, will be available across Mahindra dealerships from December 5 onwards, Mahindra & Mahindra (M&M) said in a statement.
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“All our strong brands like XUV 500, Scorpio continues to perform much better at the market place and that is what is reflected in retail number on a single day sale of 11,500 numbers,†says Pravin Shah, Pres & Chief Exec-Automotive.
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The Supro Van comes at Rs 4.38 lakh in BS3 ex-showroom Thane while the Supro Maxitruck starts at Rs 4.25 lakh in BS3, ex-showroom Thane, Maharashtra, Shah said.
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Homegrown auto major Mahindra & Mahindra will launch its new compact SUV named TUV300 in mid September as it looks to enhance its position as a leading manufacturer of utility vehicles in India.
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M&M President & Chief Executive (Automotive) Pravin Shah said: "At Mahindra, it is our constant endeavour to make advanced technology more accessible and affordable to our customers."
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Top car makers Maruti Suzuki, Hyundai and Honda have begun the new fiscal on a high note by posting robust sales in April, riding mainly on new models. However, Mahindra & Mahindra could manage just 1 percent increase in sales and General Motors India saw its sales decline during the month.
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In domestic market, M&M's sales were up by one percent to 34,467 units last month as against 34,107 units in the same month of last year.
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Mahindra is withdrawing from Brazil after a sluggish economy, changes in regulation and a depreciating currency hurt sales, Pravin Shah, chief executive of Mahindra's automotive division and international operations, said.
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Exports were up 28 percent at 4,019 units as compared to 3,146 units in the same period a year earlier. Sales of passenger vehicles, including Scorpio, XUV 500, Xylo, Bolero and Verito stood at 21,030 units compared with 23,433 units in March 2014, down 10.25 percent.
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