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News: In a regulatory exchange filing, Mahindra & Mahindra has informed about launch of Thar with rear wheel drive version with starting price of ~Rs 10 lakh (ex-showroom, diesel variant) applicable for first 10,000 customers. Deliveries of the same variant are expected to begin from January 14, 2023. Also, along with this new 4WD version has been launched with advanced electronic brake locking differential providing greater off-roading capabilities
Views: This comes as a positive development from a price point of view and offers a great proposition for customers. We believe this will further boost demand for this product category and will help the company to utilise coming 2,000 per month capacity (aggregate at 6,000 per month), which comes into effect from Q4FY23
Impact: Positive