Mahindra launches new Maxximo model1 min read . Updated: 04 Mar 2013, 10:52 PM IST
New model, Maxximo Plus, is priced at Rs3.49 lakh (ex-showroom Mumbai) and above
The new model, Maxximo Plus, is priced at Rs3.49 lakh (ex-showroom Mumbai) and above. It will replace the existing Maxximo, which was launched in 2010, M&M Automotive Division chief executive Pravin Shah told reporters.
Currently, the capacity of Maxximo platform is 8,000 units a month and this can be increased if there is a demand, he said.
The company has invested Rs10 crore in development of the product, which has been rolled out from M&M’s plant at Chakan in Pune.
On the outlook for the auto sector, M&M Automotive Division chief marketing officer Vivek Nayer said, “Overall the market in the last six months was tough because of the high interest rates and other related factors. I hope the outlook will improve but then again a lot depends on how does interest rates pan out."