Mahindra M&M unveils new Bolero variant

Mahindra M&M unveils new Bolero variantMahindra & Mahindra (M&M) announced the launch of the a new variant of its highly successful MUV (SUV as they call it), the new Bolero. This variant has been styled with a range of interior and exterior features that according to the company would appeal to the younger generation. M&M was in the process of enhancing Bolero capacity at Nashik unit to 1.50 lakh units from the current one lakh units annually at a cost of Rs 150 crore. Although there are 450 new parts in the new Bolero, the company invested only Rs 30 crore in the development.
This SUV evolved over the years as the clear favorite across the country, evidence of it being a superior value offering with versatile application across all kinds of terrain and customer needs. Now, the new Bolero sports a host of new features and aesthetics that match the lifestyle aspirations of buyers too.

The company plans to roll out the new Bolero across the country in a phased manner, starting next week, and it is competitively priced from the Bolero DI at Rs. 4.58 lakh to the Bolero SLX at Rs. 5.58 lakhs (ex-showroom Bangalore). M&M has dropped the price of the Bolero from the earlier Rs. 4.95 lakh and Rs. 5.74 lakh for the entry level and top-end variants, respectively.

The Bolero is the leader in its segment and since its launch in 2000, it has been seeing a compounded annual growth rate (CAGR) of 35-40 per cent. In fact, in the last two years, it has seen a 50 per cent growth rate. Its volumes are larger than the Mahindra Scorpio and have been the largest selling SUV for two years in a row. We sold 42,335 units in calendar 2006 and are looking at double digit growth in the current year as well.

Price : Rs. 4.58 – 5.58 lakh

Author : iWonder

Sreejith is a freelance web designer and blogger who likes music, driving and photography. My Personal Blog is Sreejith.Net. You can catch me tweet at @sreejithrk

Other posts by

Info

Article by iWonder on Saturday, Mar 3rd, 2007 at 4:48 pm under categories : Mahindra
RSS feed for comments on this post and Trackback URl.

Tags :