Mahindra & Mahindra Ltd.

Mahindra & Mahindra (M&M), the country’s auto major is likely to roll out six new vehicles by the end of the next fiscal. The new vehicles will include a compact sports utility vehicle (SUV) and a shorter version of its sedan Verito. It will also launch a van based on the platform of commercial vehicle Maxximo.

The company plans to launch three products around Diwali, which include the NXR (from Mahindra Reva), Rexton (from Ssangyong) and a compact SUV. The sub-four metre Verito will take advantage of the excise duty benefit small cars. The electric car NXR and the Rexton are of strategic importance as they will allow the company to get into eco-friendly technology segment and move up in the premium segment respectively.  M&M will also introduce 49 tonne truck with Navistar.

Mahindra & Mahindra has reported a rise of 26% in its auto sales numbers, which stood at 42,761 units during December 2011 as against 34,062 units during December 2010. The company’s domestic sales stood at 39,891 units during December 2011, as against 32,546 units during December 2010, an increase of 23%.