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Mahindra & Mahindra Ltd (M&M) has launched the CNG variant of its popular mini-truck Jeeto, priced at Rs 3.49 lakh (ex-showroom, Delhi). The CNG variant will be available at the top-end model of Jeeto X716.
The Jeeto CNG is powered by an advanced engine that delivers 11.9 kW (16 hp) and torque of 38 Nm at 1,200–2,000 rpm. This ensures superior pick-up, acceleration and gradeability, allowing the Jeeto CNG to carry heavy loads even up the steepest slopes, M&M said in a statement.
Jeeto has the advantage of the best-in class payload, higher deck size compared with competition, superior mileage, lower maintenance, and the promise of higher earning potential, making Jeeto the perfect vehicle for business needs, it added.
“With the launch of Jeeto CNG, M&M Mahindra hs taken yet another step towards promoting sustainable mobility solutions. With best-in class payload, higher mileage, longer deck size and attractive pricing, Jeeto CNG offers excellent value proposition for its customers and is a perfect CNG mini truck for their business needs,” said Pravin Shah, President & Chief Executive, (Automotive) at M&M.
The Jeeto CNG has a mileage of 33.2 km/kg with a payload of 700 kg. It also comes with a warranty of two years or 40,000 km (whichever is earlier).
PTi adds: M&M today said it will stop production on certain days this month besides its planned annual maintenance shutdown at some of its automotive and tractor plants to adjust inventories.
“The company will be undertaking scheduled maintenance shutdown at some of its automotive and tractor plants in December 2016,” Mahindra & Mahindra said in a BSE filing.
The company further said it will also “observe on need basis a few days as ‘No production days’ at some of its automotive and tractor plants”, including the Chakan plant of its wholly-owned subsidiary Mahindra Vehicle Manufacturers as part of its efforts to optimise inventories during December year-end.
“The management does not envisage any adverse impact on the availability of products in the market due to adequacy of stocks to serve the market requirements,” the company said.
Demonetisaion hit automobile sales in November, especially in rural areas. The company had reported 21.85 per cent decline in its total sales in November while its tractor sales tumbled 21 per cent last month.
The stock of Mahindra & Mahindra was trading at Rs 1,193.05 in mid-day trade, down 1.1 per cent from its previous close on BSE.
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