<p>"We are delighted to announce that the Logan will now be called the Verito. It will sport the Mahindra badge and emblem," the company said in a statement.<br /><br />It, however, did not specify whether there has been a change in the price of the sedan.<br />Currently the Logan, which is available in both petrol and diesel variants, is priced between Rs 4.67 lakh and Rs 6.47 lakh (ex-showroom) as per the company's website.<br /><br />Last April, M&M and Renault had agreed to part ways from their joint venture -- Mahindra Renault Pvt Ltd -- that was formed in 2005 to produce and sell the Logan in India as the car failed to meet expectations.<br /><br />M&M had agreed to buy out Renault's 49 per cent stake in the JV for an undisclosed sum.<br />The French auto major, however, agreed to continue to support M&M and Logan through a licence agreement and supply key components, including the engine and transmission.<br /><br />As per their understanding, M&M could use the Logan brand for 18 months after which it was to drop all the Renault badge from the product as well as dealerships. M&M's statement today did not elaborate on whether the Renault brand has also been dropped from the Logan showrooms. </p>
<p>"We are delighted to announce that the Logan will now be called the Verito. It will sport the Mahindra badge and emblem," the company said in a statement.<br /><br />It, however, did not specify whether there has been a change in the price of the sedan.<br />Currently the Logan, which is available in both petrol and diesel variants, is priced between Rs 4.67 lakh and Rs 6.47 lakh (ex-showroom) as per the company's website.<br /><br />Last April, M&M and Renault had agreed to part ways from their joint venture -- Mahindra Renault Pvt Ltd -- that was formed in 2005 to produce and sell the Logan in India as the car failed to meet expectations.<br /><br />M&M had agreed to buy out Renault's 49 per cent stake in the JV for an undisclosed sum.<br />The French auto major, however, agreed to continue to support M&M and Logan through a licence agreement and supply key components, including the engine and transmission.<br /><br />As per their understanding, M&M could use the Logan brand for 18 months after which it was to drop all the Renault badge from the product as well as dealerships. M&M's statement today did not elaborate on whether the Renault brand has also been dropped from the Logan showrooms. </p>