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Mahindra & Mahindra plans to launch a petrol variant of its flagship SUV XUV500 in the first quarter of next fiscal in the wake of customer preference shifting away from diesel vehicles in the segment.
The company is also mulling launching a petrol variant of its popular Scorpio model depending on the demand for the same in XUV500.
Besides, it plans to launch another SUV codenamed ‘S201’ that is being developed on the platform of Tivoli from the stable of its South Korean arm Ssangyong in the second half of 2018-19.
In a communication to investors, Mahindra & Mahindra (M&M) said: “The gasoline (petrol) version of XUV500 is likely to be launched in Q1FY18.” Currently, the XUV500 is available only in diesel fuel option with two engine variants of 2,179 cc and 1,997 cc, priced in the range of ₹12.47 lakh and ₹17.57 lakh (ex-showroom Delhi)
“Depending on the response to this product, the company would launch gasoline version of Scorpio,” M&M added.
Apart from these, there would be periodic refreshes to the existing vehicles, it added.
Big diesel cars and SUVs have been witnessing decline in demand due to regulatory concerns over pollution.
Last year registration of such vehicles with diesel engine capacity of 2,000 cc and above were banned for eight months in Delhi—NCR by the Supreme Court.
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