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Mahindra to Invest 1000 Crores to Develop New Petrol Engines

Snapshot: Predominantly, it would focus on developing 1.5L and 1.6L petrol engines solely, while rolling out a 2.2L motor in collaboration with SsangYong.

Mahindra & Mahindra (M&M), the home-grown automaker, is reported to invest around Rs. 1000 Crores in the development of new petrol engines in the next 2-3 years. Predominantly, it would focus on developing 1.5L and 1.6L petrol engines solely, while rolling out a 2.2L motor in collaboration with its Korean subsidiary SsangYong Motor Company (SMC). Just so you know, the company recently introduced its first self-developed petrol motor - the 1.2L mFalcon G80 - in the KUV100.

Mahindra KUV100 has registered over 21,000 bookings in 1 month

Pawan Goenka, Executive Director, Mahindra & Mahindra, told ET Auto, "Over the next two-three years, we will end up spending Rs 1,000 crore in putting petrol engines in our vehicles. We are working on 1.5-litre petrol engine right now. The 2.2-litre petrol will come in Scorpio and XUV500 in mid-term." It was also learnt that in the coming years, every Mahindra vehicle would have petrol variants, besides the conventional diesel ones. In addition, Mahindra is also exploring the possibilities of platform sharing with SsangYong. Goenka said, "The petrol engine we developed together, Ssangyong has launched in Tivoli and we have launched in KUV100. Platform sharing is more difficult. We are looking at platforms right now and when there is a right opportunity, we will definitely look at sharing platforms."

Mahindra is working closely on the petrol engines due to the Supreme Court's order in December 2015 that suspended the registration of vehicles boasting of diesel engines bigger than 2000 cc in the National Capital Region (NCR) till March 2016. However, the company partially got rid of it by launching the Scorpio and XUV 500 with a downsized 1.99L mHawk diesel engine. For those wondering, Scorpio and XUV 500 account for around 40 percent of total sales of Mahindra. Pawan Goenka also told that company is looking to turnaround SsangYong financially since most of the operational issues have been addressed. Diesel vehicles with 2000cc or above engines have an annual sale of 400,000 units and of that 5-8 percent are sold in Delhi and NCR.

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