India’s biggest utility vehicle maker Mahindra & Mahindra launched its latest offering, its first compact sports utility vehicle Quanto at Rs. 5.82 lakh- Rs. 7.36 lakh range.
The sub-4 metre and seven-seater Quanto is the fifth SUV from M&M stable that includes XUV, Scorpio, Xylo and Bolero.
Mahindra will launch Rexton SUV from its Korean subsidiary SsangYong within a few weeks which will be priced around Rs. 20 lakh.
“With this we will have six strong products in the utility vehicle space,” said Pawan Goenka, president, Mahindra & Mahindra.The company has opened booking for Quanto which is available across 200 M&M dealerships in the country.
Quanto is the fourth product on the Genio platform which M&M built two years back investing Rs. 550 crore.
The company invested Rs. 100 crore more to develop Quanto. Other than Xylo, Genio single cab and double cab too are built on the same platform.
M&M plans to start export of Quanto six months to a year later. The company wants to start overseas sales with South Africa and Chile.