M&M to enter US market in 1st quarter of 2010

M&M to enter US market in 1st quarter of 2010
PTI
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First Published: Thu, Sep 03 2009. 01 07 PM IST
Updated: Thu, Sep 03 2009. 01 07 PM IST
New Delhi: Auto maker Mahindra & Mahindra today said it will begin US operations in the first quarter of 2010 with two new variants of SUV Scorpio besides two vehicles in the Indian market over the next six months.
The company also said reports about recall of some of its Scorpio and Xylo vehicles are false.
“In the US market, we are going to start off with the Scorpio single cabin and double cabin in the first quarter of next year. In future, we will have newer models coming in,” Mahindra & Mahindra (M&M) president (Automotive Sector) Pawan Goenka told PTI on the sidelines of ACMA annual conference here in the capital.
He said, the company will initially sell its models in the US market as completely built units shipped out from India.
“If we get good volumes, then we will look at local assembly (in US). It depends on the market and how our products are accepted there,” Goenka said.
The company had earlier announced that it had made investments worth Rs300 crore on product development for its US operation.
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First Published: Thu, Sep 03 2009. 01 07 PM IST
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