M&M to Increase SsangYong Rexton Production to Bring Down Waiting Period

Mahindra & Mahindra that launched the SsangYong Rexton in October 2012 has yesterday said to increase the production of the SUV by 500 units with an objective to bring down the waiting period. Currently the waiting period for Rexton is 4-8 weeks, and bookings have reached to 1,300 units by December 2012, company informs.

Speaking on the same Mahindra & Mahindra chief executive- Automotive Division Pravin Shah told reporters, "We expect the production to go up by at least 500 units in January. This will bring down the waiting period for the vehicle to an extent,"

"The demand for SUVs like Rexton, Quanto and XUV continues to be good. We have seen production going up... We increased Quanto production in December and see that happening in Q4 also so that the waiting period for the customers comes down," he added.

Speaking about the other launches that the company is planning in the first quarter of 2013, he said that there would be two new products in India, Mahindra Verito Compact Sedan and Mahindra E20. Speaking about the sales during the October-December period, he said that the company's passenger vehicle segment recorded 33% growth on account of new products rolled out in the period.

Source: ET