M&M eyes petrol engines across the spectrum
10 Oct 2017 10:53 PM IST
Mumbai: Utility vehicle major Mahindra and Mahindra (M&M) on Tuesday said it is working on a slew of measures, including readying a family of petrol engines catering to its entire product range by April 2020, when BS VI emission norms kick in the country.
The Mumbai-based company, which on Tuesday launched an updated version of its compact SUV KUV100 priced at Rs 4.39-7.33 lakh, also plans to roll out electric versions of its crossover models.
"We are working on a very strong petrol engine line-up and by the time BS VI emission norms roll out, our petrol engine offering will be as strong as diesel," M&M Managing Director Pawan Goenka told reporters here.
The company will have petrol engines that can cover all its models, he added.
"Whether all of those get launched in India or not depends on the customer pull. Most likely, all our exports will definitely have petrol-powered vehicles. We would be happy to launch in the domestic market even if we have 5 per cent demand," Goenka said. On introducing electric vehicles, he added that even with less clarity as to how the electric vehicle segment will perform in coming days, Mahindra would roll out its existing products with electric powertrains.
"Whether we have 20 per cent electric vehicles by 2030 or 100 per cent is perhaps a multi billion dollar question.
Mahindra is hedging its bet... and decided that for all crossover SUVs, we will be working on electric version in future," Goenka said.
As part of the plan, the company will introduce an electric KUV100 in over a year from now, he added. On various other disruptions unfolding in the automotive segment, Goenka said the company is learning about driverless technology from its tractor business.
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