Mahindra & Mahindra, the home-grown automaker, is all set to launch the petrol variants of Scorpio and XUV500 in the next few months, confirmed Pawan Goenka, M&M executive director. In fact, not only Scorpio and XUV500, but the company is planning to launch the petrol variants of each and every vehicle in its portfolio in future. Mahindra has planned an investment of Rs. 10,000 Crore in capex, product development and in group companies over the next 3 years.
Pawan Goenka, M&M executive director, said, "Despite being a diesel player, we had a feeling that a diesel-only approach may not be good enough. Now, we will launch the Scorpio and XUV500 in petrol this year and in future all vehicles will have both options." Mahindra commenced its petrol engine journey with the recently launched KUV100, which features the company's self-developed mFALCON petrol engine. Mahindra KUV100 was received extremely well by the buyers in India, and over 50 percent of the 21,000 bookings - that the hatch has registered in one month after the launch - were for the petrol variants.
Recently, Mahindra was shocked by the decision of Supreme Court when it imposed a ban on the sales of diesel vehicles in Delhi-NCR with engines above 2000cc. Mahindra's best-selling vehicles such as XUV500 and Scorpio were powered by the 2179cc 4-cylinder turbocharged mHawk engine and hence, it couldn't sold both these vehicles in the Delhi-NCR region. Nonetheless, it was a majot setback for the company, but Mahindra, within a fortnight, overcame this by introducing the Scorpio and XUV500 with a new 1997cc diesel motor. Mahindra Bolero, who has been India's best-selling SUV for nine consecutive years with 1 Lakh units sold every year, is still suffering due to NGT's diesel ban as it comes with a 2523cc m2DiCR diesel engine.