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Sify Home >> Finance >> Auto >> Mahindra working on a 4 lakh SUV

Mahindra working on a 4 lakh SUV

Mahindra working on a 4 lakh SUV
Isn't it the best deal if you get a SUV at the price of a hatchback?

Yes, Mahindra & Mahindra is working hand in hand with its subsidiary SsangYong Motor Co. to come out with an innovative mini SUV under Rs 4 lakh.

The new SUV code-named 'Mahindra S101' will be a compact SUV and will be in the jaw-dropping price range of Rs 3 lakh-Rs 5 lakh.

Among workers, this car under production is popular as the 'Nano SUV' emphasising the compactness of the SUV.

One unique attribute of this SUV is the length of Mahindra S101.

Sources reveal that Mahindra will deliberately keep the length of S101 at less than 4 metre, so as to avoid the excessive excise duty.

The Government of India levies 10% excise duty on sub-four meter length vehicles as compared to the 22% duty on the larger vehicles.

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