Mahindra & Mahindra is changing tact. Will now develop petrol engines for their entire portfolio in 3 yrs
Over the next two to three years, Indian automaker Mahindra & Mahindra (M&M) will be investing around Rs 1,000 crore to develop petrol engines. The new petrol engines (1.5 litre and 1.6 litre) will be developed in-house and a 2.2-litre petrol engine will be developed in collaboration with Korean subsidiary SsangYong Motor Company (SMC).
Other than this, they are reviewing opportunities to share platforms with SMC, said M&M Executive Director Pawan Goenka. M&M’s latest addition to its fleet, the
The 2.2-litre petrol engine is being made for Scorpio and XUV500 cars.
Goenka told ET that there are four engines that will be available in petrol - that of 1.2 litre, 1.5 litre, 1.6 litre and 2.2 litre - and in some time M&M will strap them across all the cars.
While SMC would majorly focus on operational issues, M&M would be putting its focus on the financial turnaround of the company.
"SMC brokeeven in the last quarter of calendar 2015. Certainly, the focus until now was more on turning around the company in terms of products volumes, union labour issues, brandbuilding. We have managed to do all of that reasonably well. Now we will focus on financial turnaround," Goenka said.
The reason why M&M is focusing on developing petrol engines is the December 2015 ruling of Supreme Court, which suspended registration of diesel engine vehicles bigger than 2.0 litres in the National Capital Region till March 2016.
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