M&M last week announced that the premium SUV will be ready for launch in India by the FY2011. The car may be designed for export to the US. The move is to compensate the presence of Scorpio and an investment of Rs700-800 crore has been ear marked for this project, said its President for Automotive. The product will be crafted from its Chakan plant and no further data could be perceived currently. The company has already proposed to allocate Rs2500 crore for the expansion of this facility to increase the production to 3 lakh units a year which would include 3-4 new products.