The SUV from M&M will get a new replacement and the company has invested Rs700 crore for this. The new one will fill the flagship status at the global standard and will yield prospective export market. to be made from Chakan plant. The new SUV may surpass Scorpio as it is one of the projects coming under M&M’s $1billion capex plans.
The mini truck Maxximo on the Scorpio platform will also find its entry to vie against Tata Ace. M&M has invested Rs350 crore for the truck project and the target is 10000-20000 units; the truck will be powered by 2-cylinder CRDe engine. The cargo version and pick up version are ready from the company’s platform; the compact pick ups may be installed in the US in Q1 of 2010.