Markets: Eerie calm

Markets: Eerie calm

it is not clear when market sentiment can change; as in the past, it can be quite sudden.
At a turn and yet not

At a turn and yet not

RBI could be tempted to cut policy rate to support growth at its bi-monthly review.

Mahindra launches Maxximo Mini Van at Rs 3.2 lakh

Apr 27 2011, 23:50 IST
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SummaryMaxximo Mini Van will compete with Tata Magic and Maruti Omni in the mini van segments.

Mahindra & Mahindra, one of India's leading auto makers, announced the launch of its next generation passenger carrier Maxximo Mini Van priced at Rs 3.2 lakh.

"Maxximo Mini Van is priced at Rs 3.2 lakh (Ex-Showroom

BS3, Navi Mumbai) and will be developed at the company's state-of-the-art Chakan plant in Maharashtra," M&M Automotive & Farm Equipment Sectors President Pawan Goenka told reporters here.

Maxximo Mini Van will compete with Tata Magic and Maruti Omni in the mini van segments.

Targeted at semi urban and rural areas, the vehicle will be available via 230 dealers and 600 outlets across the country, Goenka said.

The company has spent Rs 130 crore to develop Maxximo platform and Rs 70 crore will go into the setting up of manufacturing line.

The production capacity at Chakan unit is 2,000 vehicles per which can be ramped up, Goenka said.

The Maxximo Mini Van has a wide body for more space. It has a monocoque chassis with independent front suspension for better comfort.

The mini van will have C2 CRDe diesel technology, alongwith superior pulling power of 25 HP and a top speed of more than 70 kmph. The mini van will offer fuel economy of 18 kmpl.

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