Mahindra & Mahindra plans to launch a petrol variant of its flagship SUV XUV500 in the first quarter of next fiscal in the wake of customer preference shifting away from diesel vehicles in the segment. The company is also mulling launching a petrol variant of its popular Scorpio model depending on the demand for the same in XUV500. In a communication to investors, Mahindra & Mahindra (M&M) said: "The gasoline (petrol) version of XUV500 is likely to be launched in Q1FY18." Subsequently, M&M had introduced downsized 1.99 litre version of its mHawk engine series to power the XUV500 and Scorpio models. Traditionally, demand for diesel options is higher in SUV segment compared to petrol.

Source: dna February 19, 2017 08:11 UTC