Auto maker Mahindra & Mahindra, which has launched its premium sports utility vehicle Rexton in India, said it is still studying the market to find an appropriate time to launch SUV Korando from the SsangYong stable.
The company had showcased its Korean subsidiary Ssangyong’s two SUVs – Rexton and Korando – for the first time in India during the Auto Expo in January 2012.
“We studied market for both Korando and Rexton and decided that Rexton has a place in Indian market at present,” Mahindra & Mahindra Chief Executive – Automotive Sector P N Shah told reporters.
Rexton, the first product launched by M&M from the portfolio of Korean subsidiary Ssangyong, has been priced between Rs 18.73 lakh and Rs 20.93 lakh, ex-showroom Kolkata.