The car gets new claddings and chin plates on the side.
In an interview to CNBC-TV18, the company‘s Executive Director Pawan Goenka said that M&M has initiated an internal study on two-wheeler business and a concrete decision will be released in next 6-8 weeks.
The new variant, which comes with all new mHAWK 100 engine, delivers a power of 100 BHP and will be available in the top-end variants of T8 and T8 AMT trims of the TUV300.
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.
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.
Ashwin Patil, research analyst at LKP Securities says that Maruti‘s sales were aided by success of its recently launched Baleno.
In the domestic market, sales were up by 21 percent to 48,815 units last month as against 40,278 units in October 2014.
Pravin Shah, President and CEO, Automotive, M&M is positive that with rate cut and new launches, demand will rise in the festive season.
On Overdrive this week get an in-depth preview of Mahindra‘s sub-4 metre SUV the TUV300 and the very expressive looking Swedish SUV the Volvo XC90.
The USD 16.9-billion multinational group, Mahindra provides employment opportunities to over 2,00,000 people in over 100 countries.
How does the new vehicle stack up? Overdrive Editor Bertrand D'Souza gives his take in this video report.
The company, after a gap of 12 months, launched its compact mini SUV TUV300 on Thursday.
TUV300, which comes only with a diesel engine, is priced up to Rs 9.12 lakh for the top-end variant which showcases the AMT (auto gear shift) technology.
Pawan Goenka, Executive Director, Mahindra and Mahindra (M&M) talks about the company's growth outlook and says with diesel being unduly highlighted, M&M is planning to introduce petrol option for all its cars in the next 5 years.
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.