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Mahindra To Assemble Cars In Russia With Ssangyong
He said: "Talks are on with the Russian distributor of SsangYong on assembling Mahindra products there. It is at a very initial stage and we are in the process of deciding what products should it be," He added that Mahindra's cars will be assembled through the CKD route. He did not elaborate on the time line on which Mahindra will begin its Russian operations.
Mr Goenka also said Mahindra was looking to expand the production of its sports utility vehicle XUV500 to about 5,000 units a month. "By May, the output will touch 4,000 units a month from the current 3,000 units," he added. In order to meet the domestic demand, the company has slowed down the launch of the vehicle outside India.
"We were supposed to enter markets like Australia and are ready to launch XUV500 in many markets in terms of homolagations and regulations. But we have decided to slow down to met domestic demand," Goenka said.
At present, XUV500 is sold in South Africa and about 400 vehicles have been despatched so far. Goenka said the company is, however, meeting the South African demand of about 100 units per month. M&M is currently gearing up to launch SsangYong's SUV Rexton in India during Diwali this year. The vehicle will be assembled at the Chakan facility in Maharashtra.
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