58.20 (1.87%) Mahindra & Mahindra (M&M) has launched a new mild hybrid version of its new generation Scorpio, priced between Rs 9.74 lakh and Rs 14.01 lakh (ex-showroom Navi Mumbai). The new version is equipped with ‘Intelli-Hybrid’ technology that helps reduce fuel consumption by up to 7 percent by assisting the engine with electric power during acceleration, automatically switching the engine off while the vehicle is stationary (start-stop) and re-using brake energy, which would otherwise be wasted.
M&M is the flagship company of the Mahindra Group, a multinational conglomerate based in Mumbai, India. Amongst the various business interests of its parent group, the company is mainly involved in the automobile manufacturing. It is one of the leading auto companies of India.