Mahindra to launch 2 compact SUVs (U301, S101), Verito electric this fiscal; 9 models planned - Report

26/05/2015 - 00:49 Mahindra S101, Mahindra Quanto, Mahindar Verito, Mahindra U301, Mahindra Karthik H

Quanto facelift also in the pipeline.

Mahindra & Mahindra, fresh off the launch of the 2015 Mahindra XUV500, is all set to launch a total of 9 models for this fiscal year along with two compact SUVs. Going by spy pictures so far, the two SUVs are the Mahindra S101 and the Mahindra U301.

2015 Mahindra XUV500 facelift W10 — With the XUV500 facelift's launch done, M&M has 9 more to go for this fiscal year.

The company will also attempt to give a fresh breath of life to the failed Verito, with an electric version of the Verito sedan on the cards. M&M has confirmed that it will not invest anymore on the petrol and diesel versions of the Verito.

Speaking about the two compact SUVs to be launched, executive director Dr Pawan Goenka said today that the models will be priced below its existing offerings. The Quanto is its lowest priced product, starting at Rs 6.65 lakh (Ex-showroom, New Delhi).

Mahindra S101 bonnet spied by IAB reader Mr. Mohammed — The S101, spied here, is likely to be one of the two compact SUVs that M&M has lined up for this fiscal year.

Also Read: Mahindra Scorpio posts highest ever sales in a financial year

While the company doesn't talk much about the remaining 7 models in the pipeline, it does state that it will upgrade the existing lineup which includes the Quanto facelift.