Mahindra to launch Rexton SUV

Auto major Mahindra and Mahindra said that it plans to launch Rexton SUV from its Ssangyong lineup in India.

Rexton SUV would be the first product from M&M's Ssangyong lineup to hit the Indian markets.

M&M holds 70 per cent stake in Ssangyong Motor, for which it had shelled out $463 million (about Rs 2,105 crore) in 2010.

M&M plans to invest Rs 1,500 crore to develop a new vehicle platform with its Korean subsidiary Ssangyong Motor.
    
Pawan Goenka, M&M President for Automotive and Farm Sector, said M&M and Ssangyong are developing a new engine platform both for petrol and diesel that will be used by both the companies.