Mahindra & Mahindra Ltd.

Mahindra & Mahindra (M&M) is expected to launch sports utility vehicle Rexton from Ssangyong in India before Diwali, as mentioned in a media report. Further the automotive major plans to invest up to Rs 1,500 crore on product development jointly with Ssangyong over the next three years.

Meanwhile, the company recently launched the first compact and versatile SUV Quanto in Mumbai. Designed and developed in-house by Mahindra on the robust, proven and highly successful Igenio platform, the Quanto is a direct outcome insights pointing to the need for a compact and affordable SUV.