Mahindra & Mahindra, Senior Executive told that it has no new models for next two years. It will concentrate on upgrades,new fuel options in order to increase the sales.
Mahindra & Mahindra , president said Pawan Goenka, “We were ahead of the industry and we did all our major launches in last two years. This year we don’t have any new product launches, we do have variants for launch. Absolute new products will be launched only in FY2016”
He added,“We are working on the electric Verito, we had said that we will be ready to launch the electric Verito by the first quarter of FY2015. We have been disappointed with the sales of the E2o. We are hoping for some announcement on the subsidy (from the government) very soon. If E2o sales take off then we will launch the electric Verito as planned”
Over the last two years the company had been rolled out its new models like XUV500, Quanto, E2o, Verito, Verito Vibe and the Ssangyong Rexton.But it has no new models to roll out for next two years.Maruti Suzuki,Nissan,Honda are planning to roll out new models in the SUV segment. But M&M has Scorpio SUV only.