Business Daily from THE HINDU group of publications Friday, Jun 08, 2007 ePaper |
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Corporate
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Overseas Investments Industry & Economy - HCV/LCV/Tractors
Our Bureau
Mumbai June 7 Mahindra & Mahindra has announced the launch of the utility vehicle Mahindra Pik-Up in Australia in partnership with TMI Pacific. The Pik-Up has a 2.5-l common rail turbo diesel engine, which meets the Euro-4 emission standards. The vehicle produces 79 kW of power and 247 Nm of torque, and will be available in single or dual cab to Australian buyers from June. The vehicle, which is derived from the Mahindra SUV range, comes with a three-year, 1,00,000 km warranty and 12-month roadside assist. Dr Pawan Goenka, President, Automotive Sector, M&M, said: "The Mahindra Pik-Up is the first Indian vehicle in its segment to be unveiled in a global market. The Australia launch is one more milestone, as it marks an entry into another continent for the vehicle." Mr Pravin Shah, Executive Vice-President, Automotive Sector, and in-charge of International Operations, M&M, said: "The Mahindra Pik-Up's external and internal features are based on customer needs our research has identified. The Chairman of TMI Pacific and the Tynan Motor Group of companies, Mr Michael Tynan, said: "We have been in the auto business for more than 40 years and have built a name in the market based on integrity and trust. Our business partner M&M is a perfect fit with values that has stood the test of time for more than 60 years in its home market. "As per our initial plans, we have secured 10 dealers for the Mahindra Pik-Up in NSW, and anticipate a complete national roll out with a network of 50 dealers by the middle of next year. TMI Pacific, which will operate from a newly acquired 15,000 sq.m head office in Sutherland, will be dedicated to servicing the Australian market with all after-market services, spare parts distribution and technical training of specialists.
More Stories on : Overseas Investments | HCV/LCV/Tractors | Mahindra & Mahindra Ltd
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