Homegrown auto major Mahindra & Mahindra will launch its new compact SUV named TUV300 in mid September as it looks to enhance its position as a leading manufacturer of utility vehicles in India.

“The TUV300 is a compact sub-four metre SUV. This will be a true blue SUV and not a crossover that is mainly the case in the market now,” M&M Executive Director Pawan Goenka told PTI.

MUMBAI: Barely a week into the launch of Hyundai's Creta, sports utility vehicle with an automatic transmission, Mahindra & Mahindra, India's largest selling utility vehicle maker has officially re-launched its own automatic version on the new generation Scorpio at 13.13 lakh ex-showroom New Delhi, a good Rs 45,000 lower than its new rival Creta.

Available on the S10 variant, on a like to like comparison, a 2 wheel drive automatic transmission - Scorpio is priced Rs 45,000 lower versus Hyundai Creta, which is priced at Rs 13.58 lakh ex-showroom New Delhi.

MUMBAI: Even as it shifts focus on soft-roader urban sports utility vehicles in FY-16, Mahindra & Mahindra, India's largest utility vehicle maker does not to lose its core of being the maker of strong rugged SUVs. The company on Thursday launched a new version of its lifestyle off-road vehicle Thar at Rs 8.03 lakh ex-showroom Nashik.

The new Thar CRDe to be made available in only select markets to begin with, comes with host of new exterior changes that includes front and rear bumpers, wheel arches, clear lens headlamp and redesigned side-footstep with the canopy.

The M&M stock has key triggers going for it. Recent government policies should aid its tractor sales while the upcoming launch of compact utility vehicles is expected to help plug product gaps.

The government had last week announced steps to improve agricultural productivity by allotting Rs 50,000 crore for irrigation and reforming the national agricultural market.

To reinvent itself in the two-wheeler segment, Mahindra Two Wheelers Ltd (MTWL) has started a product-led overhaul. The Mumbai-based company has discontinued sales of two scooters, Flyte and Kine, and one motorcycle, Pantero. Scooter brand Duro is available only in dealerships at present. It has also shifted focus to new-generation products. Its pruned portfolio now has only three models — Centuro, Gusto and Rodeo UZO 125.

This is the first major revamp MTWL has done since its debut in the sector six years ago. The company, which inherited a handful of models from the erstwhile Kinetic Motor Company after acquiring its business assets in 2008, has been struggling to scale up its business against competition from Hero MotoCorp and Honda.

Europe's Airbus Group and the Mahindra Group have struck a deal to build helicopters jointly as they bid to win an expected wave of orders from the country's armed forces, the companies said in a statement on Friday.

The two groups will form a joint venture in the coming months, aiming to become the first private manufacturer of helicopters in India, the statement said. It did not say how much the two will invest.

Mahindra and Mahindra has set up an Africa-focused business unit as it looks to maintain double-digit growth levels in the continent, the company said on Tuesday.

With an active presence in 20 African countries, Mahindra and Mahindra hopes the aggressive expansion will help spur a 10-fold increase in business over the next five to seven years.

CHENNAI: There has been a shift in the pecking order of car and SUV companies in India with the fourth, fifth and sixth spots showing significant changes.

According to statistics from the Society of Indian Automobile Manufacturers (SIAM), the top five passenger vehicle companies in India by sale are Maruti, Hyundai, Mahindra & Mahindra, Honda and Toyota.

The Mahindra Group on Monday clinched a multi-million dollar aerospace contract with European consortium Airbus at the Paris Air Show, marking a major milestone in the Make-in-India initiative.

Mahindra Group subsidiary Mahindra Aerospace bagged the multi-year aero-components manufacture and supply contract.

Auto-maker Mahindra & Mahindra today reported 3% decline in total sales at 36,706 vehicles in May.

It had sold 37,869 units in the same month last year, M&M said in a statement.

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