Sat, 20 Oct 2012 07:15:00 GMT | By PTI

Hindustan Motors starts local assembly of Pajero Sport

New Delhi: Hindustan Motors (HM) today said it has started local assembly of sports utility vehicle (SUV) Pajero Sport from its Japanese partner Mitsubishi’s stable, making the vehicle cheaper by Rs 1.87 lakh.

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The Pajero Sport will now carry a price tag of Rs 22.56 lakh compared to Rs 24.43 lakh (ex-showroom, Delhi) earlier.

“We are pleased to announce our start of production of the Pajero Sport in Tiruvallur plant and are happy to extend the price benefit to our customers... Pajero Sport will look at capturing 20 per cent of the premium SUV segment in the country,” Uttam Bose, Managing Director, Hindustan Motors said in a statement.

With the vehicle being locally produced, the company will increase the output to over 400 units. The plant has capacity to scale up operations based on market requirements, he added. “India has in the recent past seen an increased desire for SUVs. Pajero Sport will further consolidate its position in the Indian market,” Bose said.

At present, about 14 per cent of the components of the SUV are localised and the company “will look at improving localisation by up to 30 per cent by next fiscal year”.

(Continued)

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