Mahindra & Mahindra would launch a brand new SUV model named Quanto in the Indian market later this month.
This would be their smallest model in the sports utility market as they aim to take on the mid-range sedans.
The company said that they expect this new model to generate a lot of interest in the initial months with sales stabilizing at around 1500-2000 units per month.
Mahindra has designed this model to fit in the four meter length regulation of the Indian government which reduces the taxation on the final pricing. This would allow them to sell this model at attractive prices.
The company further said that they have another model planned for launch in the coming weeks. They would launch Rexton from their SsangYong division before the start of the festive season.