Press Esc to close
Friday 21 November 2014
News updated at 1:50 AM IST
Weather
Max: 28°C
Min : 16°C
In Bengaluru
Sunny day

M&M studying market for 'Korando' launch in India

Kolkata, Jan 21, 2013 (PTI)

Auto maker Mahindra & Mahindra, which has launched its premium sports utility vehicle Rexton in India, said it is still studying the market to find an appropriate time to launch SUV Korando from the SsangYong stable.

The company had showcased its Korean subsidiary Ssangyong's two SUVs - Rexton and Korando - for the first time in India during the Auto Expo in January 2012.

"We are working on the products. We studied market for both Korando and Rexton and decided that Rexton has a place in Indian market at present so that was given the first priority," Mahindra & Mahindra Chief Executive – Automotive Sector P N Shah told reporters here after unveiling the Rexton for the Kolkata market.


However, he added: "We have not shelved our plan to launch Korando in India. We are just looking for the right opportunity."

Rexton, the first product launched by M&M from the portfolio of Korean subsidiary Ssangyong, has been priced between Rs 18.73 lakh and Rs 20.93 lakh, ex-showroom Kolkata.

The Rexton is being manufactured and assembled at the company's Chakan plant near Pune, he said.

Shah said Rexton has already received booking for 1,500 units since its October launch and the company plans to ramp up capacity by 500 units in order to lower waiting period.

Go to Top

Photo Gallery
Arun Jaitley with Mega actors Amitabh Bachchan and Rajinikanth...

Arun Jaitley with Mega actors Amitabh Bachchan and Rajinikanth...

A buffalo rider splashes the water in the marshy field, just before reaching the finishing line...

A buffalo rider splashes the water in the marshy field, just before reaching the finishing line...

A cheetha resting on the branch of a tree as a bid to beat the heat...

A cheetha resting on the branch of a tree as a bid to beat the heat...

Diego Torres, left, and India Martinez perform on stage at the Latin Recording Academy...

Diego Torres, left, and India Martinez perform on stage at the Latin Recording Academy...

Modi on his arrival at AFS Palam in New Delhi on Thursday after his 10-day long foreign visits...

Modi on his arrival at AFS Palam in New Delhi on Thursday after his 10-day long foreign visits...

Minissha Lamba walking the ramp at a fashion parade in Gurgaon...

Minissha Lamba walking the ramp at a fashion parade in Gurgaon...

The agitating students of Benaras Hindu University torch a police jeep...

The agitating students of Benaras Hindu University torch a police jeep...

Sant Rampal in police custody at Panchkula...

Sant Rampal in police custody at Panchkula...

Nikki Randhawa Haley with Pankaja Munde at a CII intractive session...

Nikki Randhawa Haley with Pankaja Munde at a CII intractive session...

Tennis player Sania Mirza at a launch event in Mumbai...

Tennis player Sania Mirza at a launch event in Mumbai...

Copyright 2014, The Printers (Mysore) Private Ltd., 75, M.G Road, Post Box 5331, Bengaluru - 560001
Tel: +91 (80) 25880000 Fax No. +91 (80) 25880523