-29.85 (-0.84%) As a part of its phase-wise launch of the SsangYong Rexton, Mahindra and Mahindra (M&M) has unveiled the high-end luxury sports utility vehicle (SUV) in Ahmedabad (Gujarat) market. The company has already delivered over 400 Rextons since November.
The company is manufacturing Rexton at Chakan plant which having an annual capacity of 5,000 units of the vehicle per annum working in single shift. The company has recently increased the capacity to 500 units per month as the SUV currently has a wait-period of four to six weeks.
Recently, the company had launched the Verito Executive edition, a premium offering targeted primarily at corporate executives, professionals and businessmen. Moreover, the company had also ramped up capacities of the XUV500 and the Quanto at Chakan to 5000 units per month and 3,500 units per month respectively.