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Tuesday, 2 August 2011

Mahindra Comes with its Hatchback in price of Rs 2.5-Rs3.5 lakh

India's home grown auto major Mahindra and Mahindra is mulling over to foray into the small car segment with the launch of its 1000-cc hatchback priced competitively at Rs 2.5-Rs3.5 lakh. Mahindra and Mahindra was earlier pondering to set up a factory at either Haryana or Tamil Nadu, but now after along consideration the company has decided to set up the manufacturing facility at Tamil Nadu. M&M will be spending around Rs800 crore to set up plant in Tamil Nadu. Vcommindia News

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