Mahindra launches compact car Verito Vibe at Rs 5 63 lakh; will …

25 Мар 2014 | Author: | Комментарии к записи Mahindra launches compact car Verito Vibe at Rs 5 63 lakh; will … отключены
Mahindra Verito sedan.

Mahindra launches compact car Vibe at Rs 5.63 lakh


Utility vehicle Mahindra Mahindra on Wednesday its foray into the compact car with the Verito Vibe. The which is based on its Verito platform, and will compete the likes of Maruti Suzuki and DZire and Honda Amaze, is at a starting price of Rs 5.63 ex-showroom Mumbai.

The fully D6 model will be available at an price of Rs 6.49 lakh.

MM and car maker Renault called-off joint venture to make the sedan Logan in 2010. The was then relaunched as the Verito in and a refreshed version of the car was rolled year.

With the launch of the Verito, the is getting into the highly and high volume compact car (market size of around 8 cars per year).

MM has been a successful utility vehicle However, selling cars is a different ball game.

Goenka, president automotive and equipment sector, says the is currently selling around units of the Verito and would to sell at least twice the of Vibes. However, he is clear the company won’t shed its of making tough and rugged utility vehicles like the Scorpio and XUV500.

So essentially, the Verito and the Vibe, from the electric vehicle E20 be the only cars that it have in the market. Only car that is being planned is the version of the Verito that hit the market in FY15.

The Verito comes from the Renault and we certain agreements with In that context we will probably one more launch on the platform next year. But then that the platform is to be limited to what we have the sedan and the Vibe today.

I have always said other than Verito, we no specific plans to get into car segment and that I still by, Goenka said during the of the Vibe in Mumbai.

He said will be more products in the that will compete for but not essentially passenger cars.

The Vibe is only being with a 1.5 litre diesel and although the price differential petrol and diesel has come in recent months, company are confident that the Verito will get a good response.

The is a wide bodied compact car comfortable seating space for adults in the rear seat and has a large boot capacity of 330 MM said.

The company also claims efficiency of 20.8 km per litre for the

Mahindra Verito sedan.

It has spent around Rs 60 crore in the Vibe.

MM is launching the Verito at a passenger car sales remain in the lane. The Swift DZire is the top car in this segment, but even highly successful car has hit speed DZire sales in May fell 2.5 to 17,265 units.

Honda, new entrant in the segment, sold a over 6,000 units of the last month.

Given these strong will customers drive the Vibe.

MM officials fell it get a good response, helped by a boot, comfortable rear and a proven Renault engine, several other factors.

MM down 0.1 percent at Rs 986.55 on NSE on

MM stock price

The company’s 12-month (TTM) EPS was at Rs 60.90 per as per the quarter ended December The stock’s price-to-earnings (P/E) was 16.24. The latest book of the company is Rs 238.22 per share.

At value, the price-to-book value of the is 4.15.

Mahindra Verito sedan.
Mahindra Verito sedan.
Mahindra Verito sedan.
Mahindra Verito sedan.
Mahindra Verito sedan.
Mahindra Verito sedan.
Mahindra Verito sedan.
Mahindra Verito sedan.

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