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Auto major Mahindra and Mahindra today said it could develop a vehicle on the lines of US President Barack Obama’s official car nicknamed ‘The Devil’ for the country’s political leadership if the necessary facilities existed here.

“I saw the diagram (of the car) and it had complete details of President Obama’s Cadillac limousine. If this facility exists then we would be proud to make such vehicle not just for the Prime Minister but for any VIP,” Mahindra Group Vice Chairman and Managing Director Anand Mahindra told reporters after inaugurating the Special Military Vehicles (SMV) plant in Faridabad near here.

Mahindra Defence Systems Chief Executive Brigadier (retd) Khutub Hai said the company had manufactured armoured Scorpios for VVIPs.

“Eight Chief Ministers in this country travel in armoured Scorpios. These armoured Scorpios are vehicles of choice as far as VVIPs are concerned,” Hai said.

He added that the company has exported five armoured Scorpios to Sri Lanka as part of the Presidential fleet there.

On the possibility of opening similar facilities in friendly neighbouring countries, Hai said: “We are reaching out to friendly neighbours. We will be looking at them. In 8-10 years, we can set up similar facilities there.”

“We are already looking at setting up similar facilities in some parts of Africa,” he added.

Source: Pricewale.com

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Auto major Mahindra and Mahindra, today said that it was ramping up production of its high-end brand `Xylo’ in a bid to reduce the
waiting list for the product.

“For the Xylo, we have a waiting list of five weeks. We are now trying to lower that. We are already doing that (ramping up production),” Mahindra and Mahindra’s Vice Chairman and Managing Director, Anand Mahindra, told reporters on the sidelines of Frames 2009 organised by industry chamber FICCI here.

The company last month launched its Mahindra Xylo, a multi-purpose vehicle targeting high-end customers.

The auto-maker said that it “has the lowest inventory level with dealers probably in history.”

“Our inventory with dealers is lower than what we targeted because we were apprehensive about where the market was going,” Mahindra said.

M&M, which is a dominant player in the rural market for tractors
, said it would consolidate its position in the rural market and have plans for the segment.

“We have more than 40 per cent market in rural India in the tractor segment. So we have to have plans for the rural market,” Mahindra said, adding that as per its data, there has been more than a 20 per cent CAGR growth rate in farmers’ profit margins since 2006.

Source: Pricewale.com

Mahindra launches luxury sedan XYLO

Mahindra and Mahindra Ltd (M&M) on Tuesday launched its luxury sedan XYLO from its Nashik plant.

The luxury sedan will be available at 57 select Mahindra dealerships in January and additional 44 from February, a company statement said.

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