The variants, powered by a 2.8 litre turbocharged diesel engine and priced at Rs 20 lakh and above, will be assembled at the companys plant in Chennai using knocked down kits.
An investment of Rs 12 crore has been made in a assembly line and a body line for the Pajero. We will manufacture about 1,200 vehicles a year and plan to sell all of them, said Mr A Sankaranarayanan, managing director, HM, at a press conference held here on Thursday.
HM has been importing the completely built version of the Pajero, which is powered by a 3.2 litre turbo-charged diesel engine and priced at about Rs 35 lakh (ex-showroom, Chennai).
There is a market for those who want the latest version from Japan. There are also a price sensitive market. About 33 imported Pajeros have been sold by HM in the last couple of months, the managing director explained. The Pajero, assembled in Chennai, attracts an import duty of 35 per cent. It has little local content. There are few local items used such as battery, tyres. We plan to localise content but it depends purely on the economic viability, he said.