<p>Mahindra & Mahindra Limited, a part of the US $16.2 billion Mahindra Group, today unveiled its sub-four metre sedan Verito Vibe in the city.<br /><br /></p>.<p>"With the launch of Verito Vibe, we will be able to create a new space, the sporty sedan segment. We see a huge opportunity in this segment," Company Vice President (Sales) Vijay Nakra told reporters here.<br /><br />The new model, which will compete with those like Maruti Suzuki's Dzire and Honda's newly introduced model Amaze, is powered by a 1.5 litre diesel engine, he said.<br /><br />Nakra expressed confidence that it will appeal to customers with its young and sporty looks.<br />He said the Verito Vibe will be available in three variants - D2, D4 and D6.<br /><br />The price range for the Vibe will be from Rs 5.68 lakh (ex-showroom Bangalore) for base D2 model to Rs 6.54 lakh (ex-showroom Bangalore) for the fully loaded top end D6 model, he added.<br /><br />Replying to a query, Nakra said the company has a capacity to manufacture 35,000 vehicles under this platform but could scale it up by 40 per cent in short span.</p>
<p>Mahindra & Mahindra Limited, a part of the US $16.2 billion Mahindra Group, today unveiled its sub-four metre sedan Verito Vibe in the city.<br /><br /></p>.<p>"With the launch of Verito Vibe, we will be able to create a new space, the sporty sedan segment. We see a huge opportunity in this segment," Company Vice President (Sales) Vijay Nakra told reporters here.<br /><br />The new model, which will compete with those like Maruti Suzuki's Dzire and Honda's newly introduced model Amaze, is powered by a 1.5 litre diesel engine, he said.<br /><br />Nakra expressed confidence that it will appeal to customers with its young and sporty looks.<br />He said the Verito Vibe will be available in three variants - D2, D4 and D6.<br /><br />The price range for the Vibe will be from Rs 5.68 lakh (ex-showroom Bangalore) for base D2 model to Rs 6.54 lakh (ex-showroom Bangalore) for the fully loaded top end D6 model, he added.<br /><br />Replying to a query, Nakra said the company has a capacity to manufacture 35,000 vehicles under this platform but could scale it up by 40 per cent in short span.</p>