Amidst shrinking markets and declining sales, India and China are few markets that are still holding the ground. The auto makers are still hopeful about the Indian auto market and this makes them plan for new model launches in the country.
Mahindra and Mahindra will be launching two new models in India this year in partnership with French auto maker Renault. Both the models will roll out from the Nashik facility whilst any models from the Chennai facility have been put on indefinite hold. "Our Nashik facility (capacity) is under-utilised. We are actively looking at introducing one or two new models from the plant in this year in order to have better utilisation of the capacity," a Renault India spokesperson told media.
The current Nashik manufacturing unit has an installed capacity of producing 50,000 units annually. The company intends to utilize the full capacity of the plant but so far the official spokesperson has not given any details about the new models.
