Monday, 12 November 2012

Mahindra receives 10,000 bookings of Quanto - to increase capacity at Nashik plant



Mahindra & Mahindra is one lucky car maker in the Indian Automotive market. It has been able to gather laurels in its bag one after the other - thanks to the growing love for SUV's in India and M&M being the largest Utility vehicle makers in India is reaping the benefits.

The launch of XUV 5OO created so much buzz about the SUV that M&M finally had to stop the bookings of this SUV and had to ramp up the production and later introduce the lottery system in market for people to book this SUV.  Nobody could even think somebody could do if not better - atleast equally better to this. But, with the launch of Mahindra's first compact SUV - Quanto in the Indian market, its been less than 2 months when the car maker introduced it to Indian market - the car maker claims to bag 10,000 bookings of this small SUV. Though the Compact SUV was made on similar Xylo's platform and is a shortened version of Xylo and has gathered immense love - even much more than its parent, Xylo could have ever received from Indian car lovers.

The compact SUV, Quanto (with a sub-4 metre length), was launched in four variants (C2, C4, C6 and C8), with prices ranging from Rs 5.82 lakh to Rs 7.36 lakh (ex-showroom Mumbai). All the Quanto variants are powered by a 1.5-litre diesel engine.

“This strengthens our belief that the Quanto will create a new category within the SUV segment with its unique value proposition. We are confident of meeting the demand for the Quanto and are in the process of ramping up our production capacity at Nashik towards the same,” Pravin Shah, Chief Executive (automotive division) at Mahindra & Mahindra (M&M) said.

Mahindra plans to ramp up production at its Nashik plant in Maharashtra, where it also produces the Xylo MPV, on which the Quanto is based upon. Currently, Mahindra has been producing 2,500 Xylos and 2,500 Quantos each month from this assembly line, which has the capacity for 7,000 vehicle per month. Mahindra will now begin producing 3,000

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