Home   >>    Loan   >>    Car Loan   >>     Overview
Get Car Loan Offers
A maximum of 5 providers will compete to give you the best rates (Sep 2016)

 

 

 

   

 

 
 
 
 
 
 

I authorize the website and its partner providers to call or SMS me in connection with my application & agree to the Privacy Policy and Terms of use

M&M plans to launch hybrid version of Scorpio

Mahindra & Mahindra president, Pawan Goenka, has announced that M&M will launch the hybrid version of its Scorpio sports utility vehicle (SUV) next year.

Apnaloan.com Research Bureau

06 Sep 2007

Mahindra & Mahindra announced the launch of the hybrid version of Scorpio and its indigenously developed SUV Ingenio, on September 5th, 2007, on the sidelines of the SIAM (Society of Indian Automobile Manufacturer) Annual Convention, in New Delhi.

Announcing the launch, M&Ms president Pawan Goenka said that the primary focus is on the diesel engine for "Ingenio" and the sports utility vehicle (SUV) will be launched next year.

M&M is also trying to sell its new army off-roader, Axe, to the Indian and Israeli armies. The vehicle is being tested by the Israeli Army and would be also tested by the Indian Army soon, said Goenka.  
 
He said the commercial production of the vehicle will start once the company receives the order from the army. 
 
The company has invested $6-7 million in developing the Axe. It has sourced the engine for Axe from an Israeli firm and has no plans to develop its own engine for the off-roader. 

He also said that the company was still a couple of years away from its US foray.