Thursday, 20 September 2012
M&M drives in Quanto at Rs 5.82L
Mahindra & Mahindra on Thursday drove in the long awaited Quanto, the smallest sports utility vehicle (SUV) in its portfolio.
The Quanto has been priced in Rs 5.82--7.36 lakh range exishowroom Thane, and the company hopes its SUV stance, features, yet being compact, will lure buyers to migrate from hatchbacks and entry--level sedans.
The Quanto is based on Mahindra's Genio platform and will be manufactured at Nashik in Maharashtra. The vehicle will immediately go on sale through a network of 200 dealers nationally.
M&M invested around Rs 550 crore in the development of original Genio platform, with Xylo the first product rolled out, around Rs 200 crore on the Genio pickup truck and about Rs 100 crore on the Quanto, according to Pawan Goenka, president-- automotive and farm equipment sector.
The company has a capacity to make 7,000 units of Xylo and Quanto together at Nashik and actual production of the two will depend on demand, officials said.
The Quanto has been priced in Rs 5.82--7.36 lakh range exishowroom Thane, and the company hopes its SUV stance, features, yet being compact, will lure buyers to migrate from hatchbacks and entry--level sedans.
M&M invested around Rs 550 crore in the development of original Genio platform, with Xylo the first product rolled out, around Rs 200 crore on the Genio pickup truck and about Rs 100 crore on the Quanto, according to Pawan Goenka, president-- automotive and farm equipment sector.
The company has a capacity to make 7,000 units of Xylo and Quanto together at Nashik and actual production of the two will depend on demand, officials said.
