Mahindra to launch Scorpio early next year, eyes numero uno spot in SUV segment
Live MintRiding on the success of their recent model launches, homegrown auto majors Mahindra & Mahindra and Tata Motors are looking to further strengthen their product portfolios in 2022. "We want to be the number one player in the core SUV segment, and the success across our product portfolio including the all new Thar, XUV300, Bolero Neo and the unprecedented response we have received for XUV700 is an indication that we are on the right track," Mahindra & Mahindra Executive Director Rajesh Jejurikar told PTI in an interaction. "The next in line is the new Scorpio, which should come out next year, which will be our immediate focus," Jejurikar noted. "While the current indications are positive, overall the PV industry next year will need to continue to manage issues related to commodity price inflation, increased freight costs and supply chain disruption," Jejurikar said. "We are closely monitoring the situation and doing the best to manage it in the short-term," Tata Motors President Shailesh Chandra stated that the company is taking definitive actions in the near term to mitigate the effects of the supply chain impediments through an agile, multi-pronged approach to address supply bottlenecks and drive its savings program much more efficiently.