Latest Car News in India

Wednesday, November 21, 2012

By Pawan Rana

Mahindra Rexton success in India and globally improves Ssangyong’s performance

Mahindra’s foray into the premium SUV segment has been sensational and the Mahindra Rexton launch in India and its post launch success is a clear sign of it. It is reportedly known that the car maker has received very good response for the car and the series of launches are on in the entire country. Sensing this, the Korean subsidiary Ssangyong is also bullish on Rexton and expects that it will have a strong improvement in both presence as well as financial status wise in the coming two years.

Notably, another car Mahindra Korando is expected soon from Ssangyong stable and it will be launched soon. Meanwhile, the Mahindra Rexton price of Rs 17.67 lakh has been taken well by car buyers and in India, the SUV has been able to give a tough fight to segment leader Toyota Fortuner, Ford Endeavour and Chevrolet Captiva

Mahindra Rexton Pictures

See More Mahindra Rexton Photos Get Mahindra Rexton Price

It is believed that with the Rexton, Mahindra will be able to secure its presence in the premium SUV market as it had a void after the Mahindra XUV 500. The recent launch of the Mahindra Quanto is taking care of the entry-level SUV buyers in India. Furthermore, the launch of the Mahindra Korando will further strengthen its position and it is then believed that Mahindra will be the only SUV maker that has an SUV to offer to everyone, to entry level buyer to the ones who want a luxury SUV.  .


See More Mahindra Rexton Photos Get Mahindra Rexton Price

It is also said that the acquisition of Ssangyong by Mahindra has been a profitable affair for the car maker and it has been able to bring down its losses. As per reports, the car maker had posted a net loss of USD 12 million in the quarter that ended on September 30 which is over USD 20 million in the same period last year. Other reason that were quoted to be behind this slacken is the meek global economy.

Comments (1)


Wednesday, November 21, 2012

No doubt, the Ssanyong Rexton is very well designed and features rich luxury SUV which is available at competitive price range. Very soon it will also be getting much popularity just like Mahindra XUV 500 and Quanto.

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