M&M launches new model Scorpio N in UV spaceM&M - 1563 Change: 8.55 (0.55 %)
News: M&M unveiled its next Gen Scorpio N with booking starting from July 30, 2022 and would be available at attractive price starting from Rs 12 - 19.5 lakh (ex-showroom, manual transmission) with features like six air bags, ESC, ABS, dual cameras, sunroof, 8-inch infotainment screen, dual zone climate control. It would be available in both petrol (2 litre turbo petrol generating 202 PS/370 NM torque) & diesel powertrain (2.2 litre diesel generating 175 PS/370 NM torque). The company incurred a capex of Rs 1,600 crore to develop this all new model (completely new slate), which also includes an assembly line dedicated for this at its Chakan plant.
Views: The company offered a lucrative package at competitive pricing. It also introduced a new suspension system to mitigate body roll in order provide smooth handling & better driving experience. Introductory prices would be applicable for first 25,000 units only and would rise further and was same witnessed during launch of XUV 700. The company will unveil pricing for the 4x4 and automatic variants on July 21, 2022. We believe such an offering would help in augmenting its market share in the UV category and further increasing its order book, which was at >1.7 lakh units as of FY22 end.