M&M Launches Rexton at 17.67 Lakh

Wednesday, 17 October 2012, 12:52 Hrs
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New Delhi: The growing SUV market in India sees another product entering the arena.Mahindra & Mahindra is coming out with its latest addition to the segment.Auto major Mahindra & Mahindra said it has launched a premium SUV 'Rexton' from the SsangYong stable.

The first launch from its Korean arm is produced at the Chakan plant with some localisation, the company said.

In November 2010, Mahindra & Mahindra (M&M) had signed a definitive agreement with Ssangyong Motor Company to acquire 70 percent stake in the ailing South Korean automaker at a total cost of $463 million (about 2,105 crore).

"A manual model of the sports utility vehicle (SUV) is priced at 17.67 lakh ex-Mumbai and the automatic version at 19.67 lakh," M&M president, automotive and farm equipment, Pawan Goenka said at the launch.

The car is the first high-end SUV from the Mumbai-based auto firm.

The company said it has invested over 63 crore at its Chakan plant for this model.
Source: PTI
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