Mahindra & Mahindra launched the latest edition of its utility vehicle Bolero on Thursday. The BS IV version of new generation Bolero is priced in the range of Rs 6.3 lakh — Rs 7lakh (ex-showroom, Delhi).
Bolero, the highest selling utility vehicle in the country, clocked 87,000 units last fiscal and is poised to cross this figure this fiscal.
The BS III and BS IV versions of the new Bolero will be available across the country, said a company statement. The company claims the new Bolero offers a mileage of 16 km per litre.
Pawan Goenka, president, auto, M&M said that Bolero sales showed a growth of 27% this year so far. M&M, with its portfolio of Bolero, Scorpio and Xylo holds 60% of the utility vehicle market.
The company is set to launch its XUV500 by the end of September.
The company will launch SUVs from its Korean subsidiary Ssangyong in January- March quarter.
Mercedes-Benz rolls out CLS 350 coupe
Six months after theglobal launch of its four-door luxury coupe CLS 350 BE, Mercedes Benz India on Thursday has started selling the car in India.
Positioned as a challenger to the Audi and the BMW, the new CLS class is expected to add competition to the burgeoning luxury car market.
"The CLS coupe caters to a niche audience which as a market is seeing positive growth in India. The rollout is a brand shaker and further establishes our presence as a luxury-carmaker," said Debashis Mitra, director sales and marketing, Mercedes-Benz India.
The company claims its global launch saw a good sales response and despite the given economic conditions it expects to deliver significant coupes in India through its 56 dealerships.
The new CLS is wider and longer than the outgoing model. The CLS 350, powered by a 3.5-litre motor that produces 306bhp, is priced at Rs 67.7 lakh (ex-showroom, Mumbai).
Now, an suv from Renault
Renault aims to be one of the top three international automobile brands in the country by 2015. After parting ways from its Indian partner Mahindra for the entry-level sedan Logan, the French carmaker launched its second model in India, Koleos, a premier sports utility vehicle (SUV) at Rs 23.0 lakh.
The SUV, which is powered with a 2-litre diesel engine, claims a mileage of 13.7 kilometres per litre.
Renault launched its sedan R14.4-lakh Fluence in May this year. The company is on course to launch five models by the end of 2012 and its India-specific hatchback will debut in the Delhi Auto Expo in January 2012.
Marc Nassif, managing director, Renault India, said the company would have 100 dealers by end 2012.
Currently, the company has 14 dealerships. Renault sold 700 units of its first model Fluence in the last three months and is now trying to tap the rapidly growing high end SUV segment.