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Mahindra Plans to Invest Rs.1000 crore for Developing New Petrol Engines

Mahindra & Mahindra has been declared that it is planning to invest a total of around 1000 crore for developing the new petrol engines for upcoming and existed Mahindra cars. The development process of new petrol engines is to be completed in the next two to three years, according to Mahindra. Now, Mahindra is working on the two petrol engines including 1.5-litre and 1.6-litre without any support from its associated companies. Similarly, the 2.2-litre petrol engine is under developing process but, it is to be readied by Mahindra with an association of its owned Korean based automaker, SsangYong Motor Company.

Related: Five things facilitated Mahindra KUV 100 to get success

The KUV 100 is the first Mahindra’s petrol car powered by the 1.2-litre mFalcon 80, which was the first petrol engine developed by Mahindra with an association of SsangYong. The SsangYong Tivoli/ Mahindra Tivoli has been launched in the global markets with the same 1.2-litre engine, which was lightweight and fuel efficient.

Along with the engine development, Mahindra is reviewing the best opportunities to share the high-class platforms of models with its SsangYong. The Korean based company has many operational issues so that the company is to focus on the financial turnaround of SsangYong. Mahindra is to be focused on the brand building, product volumes and labor issues of SMC to share platforms.

A total of four petrol engines, 1.2-litre, 1.5-litre, 1.6-litre and 2.2-litre to be available in the shorter period. Mahindra’s popular SUVs Scorpio and XUV500 will get the 2.2-litre petrol engine in some time and all Mahindra cars will be offered with the new petrol engines, said by Pawan Goenka, Executive Director of M&M.

Related: Mahindra e2o electric car launches in London shortly

With the SC’s order is the registration ban of heavy diesel vehicles, which powered by the over 2.0-litre engines, in the National Capital Region up to March 2016, Mahindra has been more concentrating on the developing of petrol engines. The temporary scheme from the SC influences the sales of Mahindra XUV 500 and Scorpio in NCR consequently, Mahindra has introduced both models with the 1.99-litre mHawk engine in the last week of January 2016. Now, the sales of Mahindra are good in the NCR region and both models account for around 40% share of the total monthly sales of 20,000 units.

With the introduction of small petrol engines on all models, Mahindra’s branding range is to spread over the maximum global markets. It is also concentrating on the design of products, introduction of electric cars in the part of Make in India and network expansion. The Mahindra TUV 300 and KUV 100 are the new utility vehicles in the country and compete with the popular cars from other brands in terms of sales, price and specifications.

Related: Mahindra KUV 100 gets around 450 to 500 bookings for each day

Mahindra New Cars (Ex-Showroom Price):

Mahindra KUV 100- Rs. 4.45lakh to Rs. 6.84lakh

Mahindra TUV 300 (Automatic Versions Available) - Rs. 7.11lakh to Rs. 9.34lakh

Blog Author: 
Automotive Admin

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