Mahindra & Mahindra Ltd, the country's largest utility vehicle maker, will roll out a sub-four metre compact model of Verito, the rechristened Mahindra Logan, which is expected to attract only 10 per cent excise duty instead of the earlier 22 per cent. Also, it will have a lower price tag.
The car is expected to be launched in six to eight months said Arun Malhotra, senior vice-president (sales and customer care).
In April 2010, M&M bought out Renault's 49 per cent equity stake in Mahindra Renault Private Ltd, renamed Logan as Verito and released it in the market with the new badging and minor facelifts a year later.
"Besides an improved version of Verito, we will soon start working on the Verito compact model. Whether it will bM&M is currently in a 'hand-to-mouth' situation in terms of Verito production at its Nashik plant, he said, adding that the company would enhance the production capacity once the new compact version hits the Indian roads.
The four-metre sedan, priced at Rs 5.6-6.7 lakh for the diesel version and Rs 4.5-5.4 lakh for petrol, reported poor sales of only 2,000 units last year, while sales went up to touch 5,000 units for this April-July.
"Besides an improved version of Verito, we will soon start working on the Verito compact model. Whether it will be a notchback, hatchback or a combination of both, it is too premature to predict. It depends on the features that we plan to add. It, certainly, will not be a three-box (with a separate boot)," Malhotra told Business Standard.
M&M is currently in a 'hand-to-mouth' situation in terms of Verito production at its Nashik plant, he said, adding that the company would enhance the production capacity once the new compact version hits the Indian roads.
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The four-metre sedan, priced at Rs 5.6-6.7 lakh for the diesel version and Rs 4.5-5.4 lakh for petrol, reported poor sales of only 2,000 units last year, while sales went up to touch 5,000 units for this April-July.
"Besides an improved version of Verito, we will soon start working on the Verito compact model. Whether it will be a notchback, hatchback or a combination of both, it is too premature to predict. It depends on the features that we plan to add. It, certainly, will not be a three-box (with a separate boot)," Malhotra told Business Standard.
M&M is currently in a 'hand-to-mouth' situation in terms of Verito production at its Nashik plant, he said, adding that the company would enhance the production capacity once the new compact version hits the Indian roads.
ur-metre sedan, priced at Rs 5.6-6.7 lakh for the diesel version and Rs 4.5-5.4 lakh for petrol, reported poor sales of only 2,000 units last year, while sales went up to touch 5,000 units for this April-July.
"Besides an improved version of Verito, we will soon start working on the Verito compact model. Whether it will be a notchback, hatchback or a combination of both, it is too premature to predict. It depends on the features that we plan to add. It, certainly, will not be a three-box (with a separate boot)," Malhotra told Business Standard.
M&M is currently in a 'hand-to-mouth' situation in terms of Verito production at its Nashik plant, he said, adding that the company would enhance the production capacity once the new compact version hits the Indian roads.
e a notchback, hatchback or a combination of both, it is too premature to predict. It depends on the features that we plan to add. It, certainly, will not be a three-box (with a separate boot)," Malhotra told Business Standard.
The four-metre sedan, priced at Rs 5.6-6.7 lakh for the diesel version and Rs 4.5-5.4 lakh for petrol, reported poor sales of only 2,000 units last year, while sales went up to touch 5,000 units for this April-July.
"Besides an improved version of Verito, we will soon start working on the Verito compact model. Whether it will be a notchback, hatchback or a combination of both, it is too premature to predict. It depends on the features that we plan to add. It, certainly, will not be a three-box (with a separate boot)," Malhotra told Business Standard.
M&M is currently in a 'hand-to-mouth' situation in terms of Verito production at its Nashik plant, he said, adding that the company would enhance the production capacity once the new compact version hits the Indian roads.
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