Press Esc to close
Thursday 24 July 2014
News updated at 2:59 AM IST
Weather
Max: 27.9°C
Min : 21.3°C
In Bangalore
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
A relative of a passenger on board the crashed TransAsia Airways plane cries in Kaohsiung...

A relative of a passenger on board the crashed TransAsia Airways plane cries in Kaohsiung...

Rescue workers survey the wreckage of TransAsia Airways flight GE222 which crashed...

Rescue workers survey the wreckage of TransAsia Airways flight GE222 which crashed...

Priyanka Chopra during the unveiling of trailer of the film ''Mary Kom'', in Mumbai...

Priyanka Chopra during the unveiling of trailer of the film ''Mary Kom'', in Mumbai...

Artists perform during the launch of Philips and Disney imaginative lighting range in New Delhi...

Artists perform during the launch of Philips and Disney imaginative lighting range in New Delhi...

People watch as pyres burn at a cremation ground on the banks of river Ganges in Varanasi...

People watch as pyres burn at a cremation ground on the banks of river Ganges in Varanasi...

Villagers cross the river Baitarani in a country boat after the same was flooded following...

Villagers cross the river Baitarani in a country boat after the same was flooded following...

Philipp von Sahr, President, BMW Group India with the newly launched BMW Active Hybrid 7...

Philipp von Sahr, President, BMW Group India with the newly launched BMW Active Hybrid 7...

Andhra Pradesh Chief Minister N Chandrababu Naidu distributing food grains to poors...

Andhra Pradesh Chief Minister N Chandrababu Naidu distributing food grains to poors...

Sand artist Sudarsan Pattnatik creates a sculpture on girl child abuse with a message...

Sand artist Sudarsan Pattnatik creates a sculpture on girl child abuse with a message...

Lightning on a thunderstorm  crackles over the mountains just south of Tollgate, Ore...

Lightning on a thunderstorm crackles over the mountains just south of Tollgate, Ore...

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