Companies

Mahindra to enter US market in 1st quarter of 2010

Photo: S.Subramanium

Photo: S.Subramanium  

Auto maker Mahindra & Mahindra on Thursday said that it will begin its US operations in the first quarter of 2010 with two new variants of SUV Scorpio besides two vehicles in the Indian market over the next six months.

The company also said reports about recall of some of its Scorpio and Xylo vehicles are false.

“In the US market, we are going to start off with the Scorpio single cabin and double cabin in the first quarter of next year. In future, we will have newer models coming in,” Mahindra & Mahindra (M&M) President (Automotive Sector) Pawan Goenka told PTI on the sidelines of ACMA annual conference here in the capital.

He said, the company will initially sell its models in the US market as completely built units shipped out from India.

“If we get good volumes, then we will look at local assembly (in US). It depends on the market and how our products are accepted there,” Mr. Goenka said.

The company had earlier announced that it had made investments worth Rs 300 crore on product development for its US operation.

A letter from the Editor


Dear reader,

We have been keeping you up-to-date with information on the developments in India and the world that have a bearing on our health and wellbeing, our lives and livelihoods, during these difficult times. To enable wide dissemination of news that is in public interest, we have increased the number of articles that can be read free, and extended free trial periods. However, we have a request for those who can afford to subscribe: please do. As we fight disinformation and misinformation, and keep apace with the happenings, we need to commit greater resources to news gathering operations. We promise to deliver quality journalism that stays away from vested interest and political propaganda.

Support Quality Journalism
Recommended for you
This article is closed for comments.
Please Email the Editor

Printable version | May 30, 2020 9:05:30 AM | https://www.thehindu.com/business/companies/Mahindra-to-enter-US-market-in-1st-quarter-of-2010/article16878787.ece

Next Story