Mahindra to launch around Rs 4 lakh SUV with SsangYong

Mahindra and Mahindra in association with their newly-acquired subsidiary SsangYong is considering to launch a mini-SUV at an estimated price of Rs 3-Rs 4 lakhs in India. perhaps named as S101, also known as the Nano SUV among the workers to emphasize on the compact size of the SUV, the new Mahindra SUV project is underway since past one year. The vehicle is said to be developed along with the Mahindra XUV500 at the leading utility-vehicle manufacturer’s plant in Pune. With the growing craze for the small hatchbacks due to their high fuel efficiency, at the same time thrilling the consumers with the off-road drivability, M&M has teamed up with the ace player in SUV segment SsangYong to develop the innovative car that scores high on both the points. The new vehicles are expected to be rolled out in another two years. The best part of the deal is the throw-away price of Rs 4 lakhs, where a premium SUV on an average sells at Rs 14 lakhs.