Mahindra to produce 2,500 units of Quanto in October

"For October, our production plan is 2,500 units of Quanto. After selling these vehicles, we hope to get more demand for the vehicle," Mahindra & Mahindra (M&M) Chief Executive (Automotive Division) Pravin Shah told reporters here.

The company has a combined production capacity of 7,000 units per month for its multi utility vehicle Xylo and Quanto, which was launched yesterday in Mumbai. It will be produced at its Nashik facility, he added. "Currently, we are producing around 2,500 units of Xylo. Rest we can use for Quanto... We will not have much problem in ramping up the capacity of Quanto as many of the parts are common with Xylo," Shah said.

The company today unveiled the Quanto here. It is priced between Rs 5.99 lakh and Rs 7.57 lakh (ex-showroom, Delhi). M&M will start exporting the Quanto to neigbhouring countries such as Bangladesh, Nepal and Sri Lanka, besides South Africa to begin with in the next three-four months, which will be followed by Europe and Latin America.

The sub four-meter Quanto is powered by a three-cylinder 1.5 litre diesel engine. The company has invested Rs 100 crore in developing the five-seater Quanto.