Mahindra & Mahindra Limited, the country's largest utility vehicle maker, has now introduced its Verito Vibe model in Bangalore. Expressing his views on the same, Vice President (Sales) of Mahindra, Vijay Nakra was quoted as saying, “With the launch of Verito Vibe, we will be able to create a new space, the sporty sedan segment. We see a huge opportunity in this segment.”
Coming to the technical specifications of the model, the recently introduced Verito Vibe is equipped with a 1.5 litre diesel engine, which has tremendous output. The new model will square off against the likes of market leader Maruti Suzuki Swift and Hyundai i20, among others. With the company's new model, Nakra believes that it will surely target the young buyers of the country as the new Verito Vibe features sporty and futuristic looks. At the launch ceremony, Nakra said that the model will be available in three different variants, namely D2, D4 and D6.
The price range of Verito Vibe in Bangalore ranges from Rs. 5.6 lakh for the base model, D2, to Rs. 6.5 lakh (all prices are ex-showroom) for the top end D6 model. Speaking on the expansion plans of the company, he further said that the auto maker can produce 35000 units under this platform and the increase in production will totally depend on the demand of the model.