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Home » Auto » Mahindra invests Rs 1,500 Crore for U321 MPV

Mahindra invests Rs 1,500 Crore for U321 MPV

By Newsd
Updated on :
Source: Cardekho

The investment will be made at Mahindra’s Nasik And Igatpuri plants

Mahindra’s upcoming MPV is now one step closer to hitting a showroom near you. The company has just announced that it will invest Rs 1,500 crore at its plants in Nasik and Igatpuri, in the next phase of its expansion plans. While that’s a big number, the bigger news is that the money, at least in part, will be directed towards the development and production of the product codenamed “U321” i.e. Mahindra’s yet-to-be-revealed multi-purpose vehicle.

The amount itself is being allocated in two ways. The investment in the Nasik plant will be directed towards manufacturing of vehicles, while the investment in the Igatpuri plant will be for manufacture and supply of engines.

Mahindra’s Nashik plant currently manufactures models like the Thar, Scorpio, Bolero, Xylo and the NuvoSport. The move has been termed an “Ultra Mega Project”, and apart from boosting economic activity in the region, it is a vital move towards the introduction of a vehicle that is likely to go up against the Toyota Innova Crysta and Tata Hexa.

The U321 MPV is believed to be a successor to the Xylo and it could be launched in the second half of 2017 or early 2018. If it’s the latter, we can expect a debut at the Delhi Auto Expo. Details on the vehicle remain scarce for now, but spy shots indicate that it will feature three seat rows, all in a front facing layout (like the Xylo). Features such as a touchscreen infotainment system with Android Auto connectivity, leather upholstery, automatic climate control and captain seats can be expected too.

We’ll have to wait for a few months before the U321 MPV’s details emerge, but till then, check out the stories and videos below!

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Source: CarDekho.com

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