Mahindra & Mahindra Ltd.

In order to consolidate its position in the Indian passenger vehicle segment, Mahindra and Mahindra (M&M) is all set to launch its two new models. One is the U321 (code name) multi-purpose vehicle (MPV) which has been developed on the new global platform developed in Detroit. It will come out this financial year, while the second one is S 201 which is based on SsangYong platform Tivoli. It will come out in the next financial year.

Both the vehicles will be launched in India first and the company would consider introducing them in other geographies as well.

The company, which sells utility vehicles ranging from compact KUV100 to XUV500, also has plans to introduce a new electric vehicle in the next two years.

Mahindra and Mahindra (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.