Major auto manufacturer in India Mahindra & Mahindra possesses global ambitions has announced that it will launch its premium sports utility vehicle XUV500 in South Africa on Friday. The company which has already acquired majority stake in Korean utility maker Ssangyong has set its eyes on global auto market. According to reports Pravin Shah, chief executive, (international operations) automotive and farm sectors at Mahindra & Mahindra said "XUV500 would be lunched in Johannesburg, South Africa tomorrow and within the next six months would be launched globally in South America, Australia and SAARC countries." He did not divulge the price at which the new SUV would be sold in the African nation. The SUV costs between Rs.10.80 lakh-to-Rs.12.88 lakh (ex-showroom Delhi).Vcommindia News
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