Auto Expo 2016: Mahindra & Mahindra unveils concept coupe XUV Aero, SUV Tivoli
Greater Noida: Mahindra & Mahindra unveiled its all new concept coupe XUV Aero and its Korean arm SsangYong's compact SUV Tivoli.
The auto major also launched a sports version of its electric car e20 Sports and new range of trucks under the brand name Blazo.
The company will be investing Rs 500-600 crore to launch new products in trucks segment in the next two years. The Mumbai-based company also aims to increase its market share in the commercial vehicle segment to 5 per cent in two years from the current 3.5 percent.
"Mahindra is constantly trying to push the boundaries of technology and innovation while developing new mobility solutions," Mahindra Group Chairman Anand Mahindra told reporters here at the Auto Expo.
The company is particularly proud of Aero which represents a paradigm shift in the auto maker's design philosophy, he added.
"SsangYong's new Tivoli compact SUV, which is a big success in its home market of Korea, is its first brand new product post Mahindra's acquisition," Mahindra said.