Mahindra & Mahindra Ltd.
BSE: 500520 | NSE: M&M
Large Cap | Automobiles - Passenger Cars
3120.45
36.95 (1.20%) M&M set to launch compact SUV ‘XUV300’ in February 2019
Date: 26-12-2018Mahindra & Mahindra (M&M) is all set to launch XUV300, a compact SUV, in early February 2019. XUV300 will be built on the company’s Korean arm SsangYong’s Tivoli platform. XUV300 is a sub 4-meter vehicle that will be available in both petrol and diesel variants.
With this launch, the company will enter the fastest growing passenger vehicle segment in the country, which displayed an average annual growth rate of 44% in the last five year.
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.