Mahindra Scorpio Shines in the US
Thursday, December 13, 2007
Mahindra & Mahindra (M&M) is reportedly planning to introduce its utility vehicle, Scorpio, in the quality-conscious US market, which is also the largest in the world with 15 million vehicles in annual sales.The reports suggest that the company already has firm orders for 45,000 units of Scorpio for the first year, which is more than the 40,000 it sold in India in the last financial year.
Around 285 US dealers have signed up to sell the vehicle and are investing $178 million in setting up sales and service outlets, the report added.
Recent Corporate Earnings / Breaking News
- Sundram Fasteners acquires Upasana Engineering
- Eton Park acquires 5% equity stake in Reliance Cap...
- Punj Lloyd bags 590 crore order from IOC
- Bank of Rajasthan to increase FIIs limit
- Diamond Cables + Ansal Properties
- Maytas lnfra to develop Vedanta Alumina township
- Goldiam International + Century Plyboards
- Jindal Steel Power generation + IOC Bonus
- Bharti + Idea + Vodafone announce birth of Indus ...
- Parsvnath Developers awarded Rs 47 crore work
