New Delhi: Mahindra & Mahindra Ltd and Hyundai Motor India are all set to further strengthen their presence in the fast growing SUV segment with the launch of new models.
While Mahindra will launch its premium SUV XUV700 in the second quarter of the this fiscal, Hyundai will launch Alcazar later this month.
Mahindra’s new model has been built on the W601 platform. It will be manufactured at the company's manufacturing facility at Chakan in Maharashtra, M&M said in a statement.
The XUV700 is an upgraded version of previously launched XUV300 and XUV500.
"The XUV700, one of the most awaited offerings from Mahindra, is sure to hit the sweet spot with customers. Built on the new W601 platform, XUV700 marks the beginning of the next generation of sophisticated and authentic Mahindra SUVs...," M&M Ltd CEO – Automotive Division Veejay Nakra said.
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It will come with "world class safety features, reaffirming Mahindra's commitment towards safety", the company said.