Rexton, M&M's first high-end SUV from the the SsangYong stable is priced at Rs17.67 ex-Mumbai for manual version while automatic version is priced at Rs19.67 lakh
Mumbai: Mahindra & Mahindra (M&M), the country's largest utility vehicle maker on Wednesday launched a premium sports utility vehicle (SUV) 'Rexton' from the SsangYong stable, priced at Rs17.67 lakh, reports PTI.
The first launch from its Korean arm is produced at the Chakan plant with some localisation, the company said.
In November 2010, M&M had signed a definitive agreement with SsangYong Motor Company to acquire 70% stake in the ailing South Korean automaker at $463 million (about Rs2,105 crore).
"A manual model of the sports utility vehicle (SUV) is priced at Rs17.67 lakh ex-Mumbai and the automatic version at Rs19.67 lakh," M&M president, automotive and farm equipment, Pawan Goenka said at the launch.
The car is the first high-end SUV from the Mumbai-based auto company. The company said it has invested over Rs63 crore at its Chakan plant for this model.
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