Mahindra to launch 2 compact SUVs (U301, S101), Verito electric this fiscal; 9 models planned - Report

Quanto facelift also in the pipeline.

Mahindra & Mahindra, fresh off the launch of the 2015 Mahindra XUV500, is all set to launch a total of 9 models for this fiscal year along with two compact SUVs. Going by spy pictures so far, the two SUVs are the Mahindra S101 and the Mahindra U301.

The company will also attempt to give a fresh breath of life to the failed Verito, with an electric version of the Verito sedan on the cards. M&M has confirmed that it will not invest anymore on the petrol and diesel versions of the Verito.

Speaking about the two compact SUVs to be launched, executive director Dr Pawan Goenka said today that the models will be priced below its existing offerings. The Quanto is its lowest priced product, starting at Rs 6.65 lakh (Ex-showroom, New Delhi).

Also Read: Mahindra Scorpio posts highest ever sales in a financial year

While the company doesn't talk much about the remaining 7 models in the pipeline, it does state that it will upgrade the existing lineup which includes the Quanto facelift.

2015 Mahindra XUV500 - Image Gallery

Mahindra S101 - Spyshot Gallery