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Pawan Goenka nearly missed the job at M&M ⁠— today he is the MD & CEO

Over the next two to three years, Indian automaker <keyword id="6357096" type="COMPANY" weightage="100" keywordseo="Mahindra-Mahindra">Mahindra &amp; Mahindra</keyword> (<keyword id="46869" type="CITY" weightage="100" keywordseo="MM">M&amp;M</keyword>) will be investing around Rs 1,000 crore to develop petrol engines. The new petrol engines (1.5 litre and 1.6 litre) will be developed in-house and a 2.2-litre petrol engine will be developed in collaboration with Korean subsidiary SsangYong Motor Company (SMC). 
 Other than this, they are reviewing opportunities to share platforms with SMC, said M&amp;M Executive Director Pawan Goenka. M&amp;M’s latest addition to its fleet, the <keyword id="3176468" type="UNKNOWN" weightage="100" keywordseo="KUV100">KUV100</keyword> comes with a 1.2-litre mFalcon G80, which is the first petrol engine developed jointly with SMC. 
The 2.2-litre petrol engine is being made for Scorpio and XUV500 cars. 
 
Goenka told ET that there are four engines that will be available in petrol - that of 1.2 litre, 1.5 litre, 1.6 litre and 2.2 litre - and in some time M&amp;M will strap them across all the cars. 
 
While SMC would majorly focus on operational issues, M&amp;M would be putting its focus on the financial turnaround of the company. 
 
"SMC brokeeven in the last quarter of calendar 2015. Certainly, the focus until now was more on turning around the company in terms of products volumes, union labour issues, brandbuilding. We have managed to do all of that reasonably well. Now we will focus on financial turnaround," Goenka said. 
 
The reason why M&amp;M is focusing on developing petrol engines is the December 2015 ruling of Supreme Court, which suspended registration of diesel engine vehicles bigger than 2.0 litres in the National Capital Region till March 2016. 
 
<a href="http://images.carandbike.com/car-images/gallery/mahindra/kuv100/interior/dashboard.jpg">Image source </a>

Mahindra & Mahindra is changing tact. Will now develop petrol engines for their entire portfolio in 3 yrs

Invention is the mother of necessity and <keyword id="6357096" type="COMPANY" weightage="20" keywordseo="Mahindra-Mahindra">Mahindra &amp; Mahindra</keyword> has proved it. Affected by the <a href="http://www.businessinsider.in/searchresult.cms?query=diesel+ban">Supreme Court’s ban on heavy diesel engines</a>, the automaker has developed a 1.9-litre engine for its SUV. 
 
<a href="http://www.businessinsider.in/searchresult.cms?query=M%26M">M&amp;M</a> has developed another version of mHawk engine to power Scorpio and XUV 500, bringing the limit within the norms. 
 
This has also been approved by the Automotive Research Association of India. 
 
Automakers are taking no chances and are preparing for themselves, in case the ban gets extended. 
 
M&amp;M’s executive told ET, “Despite downsizing the power, the torque is expected to be maintained at the level offered with the 2.2-litre engine.” 
 
Industry experts say M&amp;M has developed the engine quite fast as it is a time consuming job. 
 M&amp;M executive director Pawan Goenka had, earlier, dropped hints that they would redesign the engine after the temporary <keyword id="6554349" type="UNKNOWN" weightage="20" keywordseo="Diesel-ban">diesel ban</keyword> was implemented. 
 
“We are certainly prepared for all eventualities. We are coming up with a petrol line-up, which will be made available over a period of time. This will be our defence over something like this," Goenka had said. 
 
READ ALSO: <a href="http://www.businessinsider.in/Haunted-by-SC-temporary-diesel-ban-Toyota-Mahindra-may-come-out-with-petrol-versions-of-SUVs/articleshow/50450425.cms">Haunted by SC temporary diesel ban, Toyota, Mahindra may come out with petrol versions</a> 
 
(Image: Indiatimes)

You can still book Mahindra’s SUV despite the diesel ban. Here’s how

<ul><li>
Car makers are offering massive discounts in the current vehicles – some going over ₹1 lakh with discounts!</li><li><keyword id="44883" type="CITY" weightage="20" keywordseo="Maruti-Suzuki">Maruti Suzuki</keyword> is offering ₹1,15,000 total discount on Ciaz. </li><li>With demand being stable, carmakers are also witnessing decreasing inventory days in the passenger vehicles segment.</li></ul>Come 2020, car makers will get closer to the deadline wherein BSIV vehicles will be banned. And the fact that last year witnessed a big slump in sales did not help the growing inventory of vehicles which will no longer be in vogue. That has reflected in deeper discounts towards the later part of the year. But that has not helped the declining sentiment in the midst of a general slowdown and lower consumer confidence. “High discounts (even higher than festive schemes in some cases) and cost increase from January have led to the pickup in demand. However, underlying demand remains weak with over two-thirds of dealers seeing single digit decline or a flat annual sales volume,” said a Nirmal Bang survey report. As new prices will kick in from January and we get closer to the ban of sale of BSIV vehicles in April 2020, cars are going at a discount anywhere between ₹1 to 1.7 lakh. <table style="border-width: initial; border-style: none;"></colgroup><tbody><tr><td style="border-left:solid #cccccc 0.7421872500000001pt;border-right:solid #cccccc 0.7421872500000001pt;border-bottom:solid #cccccc 0.7421872500000001pt;border-top:solid #cccccc 0.7421872500000001pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Car </td><td style="border-left:solid #cccccc 0.7421872500000001pt;border-right:solid #cccccc 0.7421872500000001pt;border-bottom:solid #cccccc 0.7421872500000001pt;border-top:solid #cccccc 0.7421872500000001pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Discounts </td></tr><tr><td style="border-left:solid #cccccc 0.7421872500000001pt;border-right:solid #cccccc 0.7421872500000001pt;border-bottom:solid #cccccc 0.7421872500000001pt;border-top:solid #cccccc 0.7421872500000001pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Maruti Suzuki Alto </td><td style="border-left:solid #cccccc 0.7421872500000001pt;border-right:solid #cccccc 0.7421872500000001pt;border-bottom:solid #cccccc 0.7421872500000001pt;border-top:solid #cccccc 0.7421872500000001pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">₹60,000 </td></tr><tr><td style="border-left:solid #cccccc 0.7421872500000001pt;border-right:solid #cccccc 0.7421872500000001pt;border-bottom:solid #cccccc 0.7421872500000001pt;border-top:solid #cccccc 0.7421872500000001pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Maruti Suzuki Wagon-R </td><td style="border-left:solid #cccccc 0.7421872500000001pt;border-right:solid #cccccc 0.7421872500000001pt;border-bottom:solid #cccccc 0.7421872500000001pt;border-top:solid #cccccc 0.7421872500000001pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">₹40,500 </td></tr><tr><td style="border-left:solid #cccccc 0.7421872500000001pt;border-right:solid #cccccc 0.7421872500000001pt;border-bottom:solid #cccccc 0.7421872500000001pt;border-top:solid #cccccc 0.7421872500000001pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;"> Maruti Suzuki Dzire </td><td style="border-left:solid #cccccc 0.7421872500000001pt;border-right:solid #cccccc 0.7421872500000001pt;border-bottom:solid #cccccc 0.7421872500000001pt;border-top:solid #cccccc 0.7421872500000001pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">₹60,000 </td></tr><tr><td style="border-left:solid #cccccc 0.7421872500000001pt;border-right:solid #cccccc 0.7421872500000001pt;border-bottom:solid #cccccc 0.7421872500000001pt;border-top:solid #cccccc 0.7421872500000001pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Maruti Suzuki Brezza </td><td style="border-left:solid #cccccc 0.7421872500000001pt;border-right:solid #cccccc 0.7421872500000001pt;border-bottom:solid #cccccc 0.7421872500000001pt;border-top:solid #cccccc 0.7421872500000001pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">₹70,000 </td></tr><tr><td style="border-left:solid #cccccc 0.7421872500000001pt;border-right:solid #cccccc 0.7421872500000001pt;border-bottom:solid #cccccc 0.7421872500000001pt;border-top:solid #cccccc 0.7421872500000001pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Maruti Suzuki Baleno </td><td style="border-left:solid #cccccc 0.7421872500000001pt;border-right:solid #cccccc 0.7421872500000001pt;border-bottom:solid #cccccc 0.7421872500000001pt;border-top:solid #cccccc 0.7421872500000001pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">₹70,000 </td></tr><tr><td style="border-left:solid #cccccc 0.7421872500000001pt;border-right:solid #cccccc 0.7421872500000001pt;border-bottom:solid #cccccc 0.7421872500000001pt;border-top:solid #cccccc 0.7421872500000001pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Maruti Suzuki Ciaz </td><td style="border-left:solid #cccccc 0.7421872500000001pt;border-right:solid #cccccc 0.7421872500000001pt;border-bottom:solid #cccccc 0.7421872500000001pt;border-top:solid #cccccc 0.7421872500000001pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">₹1,15,000 </td></tr><tr><td style="border-left:solid #cccccc 0.7421872500000001pt;border-right:solid #cccccc 0.7421872500000001pt;border-bottom:solid #cccccc 0.7421872500000001pt;border-top:solid #cccccc 0.7421872500000001pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Hyundai Santro </td><td style="border-left:solid #cccccc 0.7421872500000001pt;border-right:solid #cccccc 0.7421872500000001pt;border-bottom:solid #cccccc 0.7421872500000001pt;border-top:solid #cccccc 0.7421872500000001pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">₹55,000 </td></tr><tr><td style="border-left:solid #cccccc 0.7421872500000001pt;border-right:solid #cccccc 0.7421872500000001pt;border-bottom:solid #cccccc 0.7421872500000001pt;border-top:solid #cccccc 0.7421872500000001pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Hyundai Grand i10 </td><td style="border-left:solid #cccccc 0.7421872500000001pt;border-right:solid #cccccc 0.7421872500000001pt;border-bottom:solid #cccccc 0.7421872500000001pt;border-top:solid #cccccc 0.7421872500000001pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">₹75,000 </td></tr><tr><td style="border-left:solid #cccccc 0.7421872500000001pt;border-right:solid #cccccc 0.7421872500000001pt;border-bottom:solid #cccccc 0.7421872500000001pt;border-top:solid #cccccc 0.7421872500000001pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Hyundai Creta </td><td style="border-left:solid #cccccc 0.7421872500000001pt;border-right:solid #cccccc 0.7421872500000001pt;border-bottom:solid #cccccc 0.7421872500000001pt;border-top:solid #cccccc 0.7421872500000001pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">₹95,000 </td></tr><tr><td style="border-left:solid #cccccc 0.7421872500000001pt;border-right:solid #cccccc 0.7421872500000001pt;border-bottom:solid #cccccc 0.7421872500000001pt;border-top:solid #cccccc 0.7421872500000001pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Hyundai Xcent </td><td style="border-left:solid #cccccc 0.7421872500000001pt;border-right:solid #cccccc 0.7421872500000001pt;border-bottom:solid #cccccc 0.7421872500000001pt;border-top:solid #cccccc 0.7421872500000001pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">₹95,000 </td></tr><tr><td style="border-left:solid #cccccc 0.7421872500000001pt;border-right:solid #cccccc 0.7421872500000001pt;border-bottom:solid #cccccc 0.7421872500000001pt;border-top:solid #cccccc 0.7421872500000001pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Mahindra XUV300 </td><td style="border-left:solid #cccccc 0.7421872500000001pt;border-right:solid #cccccc 0.7421872500000001pt;border-bottom:solid #cccccc 0.7421872500000001pt;border-top:solid #cccccc 0.7421872500000001pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">₹71,000 </td></tr><tr><td style="border-left:solid #cccccc 0.7421872500000001pt;border-right:solid #cccccc 0.7421872500000001pt;border-bottom:solid #cccccc 0.7421872500000001pt;border-top:solid #cccccc 0.7421872500000001pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Mahindra Scorpio </td><td style="border-left:solid #cccccc 0.7421872500000001pt;border-right:solid #cccccc 0.7421872500000001pt;border-bottom:solid #cccccc 0.7421872500000001pt;border-top:solid #cccccc 0.7421872500000001pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">₹59,000 </td></tr><tr><td style="border-left:solid #cccccc 0.7421872500000001pt;border-right:solid #cccccc 0.7421872500000001pt;border-bottom:solid #cccccc 0.7421872500000001pt;border-top:solid #cccccc 0.7421872500000001pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Mahindra XUV500 </td><td style="border-left:solid #cccccc 0.7421872500000001pt;border-right:solid #cccccc 0.7421872500000001pt;border-bottom:solid #cccccc 0.7421872500000001pt;border-top:solid #cccccc 0.7421872500000001pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">₹84,000 </td></tr><tr><td style="border-left:solid #cccccc 0.7421872500000001pt;border-right:solid #cccccc 0.7421872500000001pt;border-bottom:solid #cccccc 0.7421872500000001pt;border-top:solid #cccccc 0.7421872500000001pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Mahindra Marazzo </td><td style="border-left:solid #cccccc 0.7421872500000001pt;border-right:solid #cccccc 0.7421872500000001pt;border-bottom:solid #cccccc 0.7421872500000001pt;border-top:solid #cccccc 0.7421872500000001pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">₹1,71,000 </td></tr><tr><td style="border-left:solid #cccccc 0.7421872500000001pt;border-right:solid #cccccc 0.7421872500000001pt;border-bottom:solid #cccccc 0.7421872500000001pt;border-top:solid #cccccc 0.7421872500000001pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Tata Nexon </td><td style="border-left:solid #cccccc 0.7421872500000001pt;border-right:solid #cccccc 0.7421872500000001pt;border-bottom:solid #cccccc 0.7421872500000001pt;border-top:solid #cccccc 0.7421872500000001pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">₹1,00,000 </td></tr><tr><td style="border-left:solid #cccccc 0.7421872500000001pt;border-right:solid #cccccc 0.7421872500000001pt;border-bottom:solid #cccccc 0.7421872500000001pt;border-top:solid #cccccc 0.7421872500000001pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Tata Tiago </td><td style="border-left:solid #cccccc 0.7421872500000001pt;border-right:solid #cccccc 0.7421872500000001pt;border-bottom:solid #cccccc 0.7421872500000001pt;border-top:solid #cccccc 0.7421872500000001pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">₹77,500 </td></tr><tr><td style="border-left:solid #cccccc 0.7421872500000001pt;border-right:solid #cccccc 0.7421872500000001pt;border-bottom:solid #cccccc 0.7421872500000001pt;border-top:solid #cccccc 0.7421872500000001pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Tata Tigor </td><td style="border-left:solid #cccccc 0.7421872500000001pt;border-right:solid #cccccc 0.7421872500000001pt;border-bottom:solid #cccccc 0.7421872500000001pt;border-top:solid #cccccc 0.7421872500000001pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">₹92,500 </td></tr><tr><td style="border-left:solid #cccccc 0.7421872500000001pt;border-right:solid #cccccc 0.7421872500000001pt;border-bottom:solid #cccccc 0.7421872500000001pt;border-top:solid #cccccc 0.7421872500000001pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Tata Bolt &amp; Zest </td><td style="border-left:solid #cccccc 0.7421872500000001pt;border-right:solid #cccccc 0.7421872500000001pt;border-bottom:solid #cccccc 0.7421872500000001pt;border-top:solid #cccccc 0.7421872500000001pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">₹1,05,000 </td></tr></tbody></table>Source:Nirmal Bang Though demand fails to grow, carmakers are witnessing decreasing inventory days in the passenger vehicles segment. Inventory days are the number of days goods stay in the factory before being sold. From a high of 50 days in February, inventory levels have come down to 25-30 in the past few months. Added to that, almost every carmaker has taken production holidays and removed temporary staff to match the lacklustre sales. 
 
 
 
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 In spite of the spillover of excess unsold cars to the new year, most dealers believe that they will not be stuck with unsold vehicles from another era. “Around 70-80% of the dealers sounded confident of liquidating BS-IV inventory before March end. Inventory of slow moving models like Tata Tigor, Tata Bolt, Tata Zest, <keyword id="596" type="CITY" weightage="20" keywordseo="Hyundai">Hyundai</keyword> Xcent, Hyundai Verna are the point of concern dealers,” said the report. SEE ALSO: <a href="https://www.businessinsider.in/thelife/personalities/news/unknown-facts-about-pawan-goenka-the-new-md-and-ceo-of-mahindra-and-mahindra/articleshow/72903252.cms">Pawan Goenka nearly missed the job at M&amp;M ⁠— today he is the MD &amp; CEO</a>

These are the deep discounts on offer on different car models – but they might have failed to lure buyers

MUMBAI: <keyword id="45224" type="CITY" weightage="80" keywordseo="Mahindra">Mahindra</keyword> &amp; Mahindra is lining up three major offerings in the compact sport-utility-vehicle segment for launch over the next 18-24 months, as it aims to reclaim space lost to the Ford EcoSport and <keyword id="43777" type="CITY" weightage="80" keywordseo="Renault">Renault</keyword> Duster over the past couple of years. 
 All the three vehicles will be less than four metres long, a segment that industry experts say is going to be a key driver of passenger vehicle sales and where <keyword id="46869" type="CITY" weightage="80" keywordseo="MM">M&amp;M</keyword> has only a limited presence. Mahindra is still the local leader in utility vehicle sales, but its market share has fallen to 42% at the end of the fiscal year through March 2014 from more than 55% two years earlier. 
 
Renault meanwhile has grabbed about 9% of the market with the Duster, and Ford captured 8.68% with its sub-4-metre EcoSport. M&amp;M’s first compact SUV, the Quanto that failed to sustain the initial excitement, is getting ready for a major midlife facelift, said people with knowledge of the matter. 
 
The project, codenamed U215, includes major design changes which are currently being worked on at M&amp;M’s design centre in Italy. The U215 will be positioned between the other two vehicles in the pipeline — M&amp;M's first micro-SUV, dubbed S101, which will create a new entry point for the company and be pitted as an alternative to premium hatchbacks, and the probable Bolero replacement, codenamed U301. 
 
The U301 may co-exist with the Bolero, a vehicle that still has acceptance in the hinterlands. M&amp;M intends to do a Maruti in the compact SUV space, offering an alternative at every Rs 50,000-75,000 price points over the entry-level vehicle, a person close to the company told ETon condition of anonymity. 
"All three sub-4 metre SUVs will have different characteristics catering to different segment of buyers. Design will be the key differentiator. The S101 compact SUV has a car-like appearance whereas the U215, the new Quanto, will assume a more rugged appearance than the boxy stance it had when launched," this person said. 
 
According to him, the U301 will have the boldest features with a “Jeep Wrangler-like appearance”. An M&amp;M spokesman said the company cannot comment on specific product plans. 
 
"As a general rule, we constantly work on refreshing all our products," he said. The MPV/SUV segment, which makes up for 22%-23% of the overall Indian passenger vehicle sales, is expected to grow in coming years. Industry experts say, the compact SUV market is expected to grow five times to make up almost half a million vehicle at the end of the decade and that the sub-4-meter space is expected to make up for a sizeable share of that. M&amp;M has a strong band of loyal buyers and larger penetration in rural areas, but developing a sub-4-meter vehicle is extremely critical for it to regain its lost market share, said Gaurav Vangaal, senior analyst, forecasting, at consultancy firm IHS Automotive. 
 
The urban sub-compact SUV segment, which did not exist a few years back, is expected to make up for a sizable 20-25% of compact UV space going ahead, he said. "M&amp;M is there with its Quanto, but not with a proper sub-4-metre SUV, so it needs to prepare itself aggressively with more UVs in that space to protect its turf." 
 Pawan Goenka, president and executive director at Mahindra, has admitted in the past that the company wasn't quick enough to react to the compact SUV wave and that its answer to compact utility-vehicle space has been a year or two late. It seems the lineup of compact SUVs planned by the company is to not just take on existing rivals, but also react proactively to ensuing competition from the likes of Maruti <keyword id="6911" type="CITY" weightage="80" keywordseo="suzuki">Suzuki</keyword> and the local units of <keyword id="70910" type="CITY" weightage="100" keywordseo="Hyundai-motor">Hyundai Motor</keyword> and <keyword id="72707" type="CITY" weightage="80" keywordseo="Honda-Motor">Honda Motor</keyword>, who too have lined up sub-4-meter SUVs for launch in the coming two-three years. 
 
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The person close to the company said the face-lifted Quanto will in fact be an interim model for M&amp;M and has a potential of 24,000 units a year, before an all-new Quanto, now dubbed U321, hits the market in 2017. 
 
The U321 is currently getting developed in the US and it will be a versatile platform that can deliver multiple products, from sub-4-metre to bigger 7-seat utility vehicles. 
 
While M&amp;M has seen its bread-andbutter utility vehicles Scorpio and Bolero as well as the XUV 500 selling in healthy numbers, its 'U platform' vehicles – the Quanto, Xylo and Genio – have been a major drag for it. It does not quite end there for M&amp;M. Its R&amp;D centres in India, the US and Italy are buzzing with projects. A face-lifted Scorpio and XUV should hit the market shortly. 
 
It plans to revamp lifestyle offroader Thar, which now gets an underpinning of the U platform, a departure from the legendary MM540 base due to upcoming safety regulations. And, pickup truck Genio will be significantly enhanced in its upcoming facelift to take more abuses, which is very common in the Indian market.

You Searched For "pawan goenka scorpio" and got 5 results

Pawan Goenka nearly missed the job at M&M ⁠— today he is the MD & CEO

Mahindra & Mahindra is changing tact. Will now develop petrol engines for their entire portfolio in 3 yrs

BI India Bureau

You can still book Mahindra’s SUV despite the diesel ban. Here’s how

BI India Bureau

These are the deep discounts on offer on different car models – but they might have failed to lure buyers

Sanchita Dash

M&M Lines Up Compact SUVs To Take On Ford EcoSport And Renault Duster

Economic Times

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