Mahindra & Mahindra has announced the launch of its next generation passenger carrier Maxximo Mini Van priced at Rs 3.2 lakh.
"Maxximo Mini Van is priced at Rs 3.2 lakh (Ex-Showroom BS3, Navi Mumbai) and will be developed at the company's state-of-the-art Chakan plant in Maharashtra," M&M Automotive & Farm Equipment Sectors President Pawan Goenka said.
Maxximo Mini Van will compete with Tata Magic and Maruti Omni in the mini van segments. Targeted at semi urban and rural areas, the vehicle will be available via 230 dealers and 600 outlets across the country, Goenka said.
The company has spent Rs 130 crore to develop Maxximo platform and Rs 70 crore will go into the setting up of manufacturing line.
The production capacity at Chakan unit is 2,000 vehicles per month which can be ramped up, Goenka said.
The Maxximo Mini Van has a wide body for more space. It has a monocoque chassis with independent front suspension for better comfort.
The mini van will have C2 CRDe diesel technology, along with superior pulling power of 25 HP and a top speed of more than 70 kmph. The mini van will offer fuel economy of 18 kmpl.