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Mahindra & Mahindra to venture into US market in the early quarter of 2010

Thursday, September 3, 2009 12:42 pm
By ShareGyan.com NewsDesk

Mahindra & Mahindra stated on Thursday that it will commence US operations in the initial quarter of the next year with a couple of new alternatives of SUV Scorpio apart from two automobiles in the domestic market over the following 6 months.
The company also stated that news about recall of some of its Xylo and Scorpio vehicles are untrue.
Reportedly, the company will in the beginning sell its brands in the US market as totally built units carried out from India.
The company had previously declared that it had made allocations valued at Rs.300crore on product growth for its US operation.
M&M also plans to introduce two latest vehicles in the domestic market within the following 6 months.

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