-29.85 (-0.84%) Mahindra & Mahindra (M&M), country’s major automobile maker is planning to foray South Africa with its seven-seater Quanto, looking at the tremendous response to the initial bookings of 12,000, within a span of months since its launch in India. Automaker is the first mainstream manufacturer in India to launch a sub-4 metre utility vehicle, with no competitor in the rear view mirror.
The entity is also planning to launch its 300cc bike Mojo next fiscal. In this regard, the company is taking all feasible steps to ensure that the engine, vehicle and composite are suitably tested and validated before it hits the road.