Mahindra To Launch Passenger Maxximo

Mahindra will launch a passenger variant of the Maxximo next 12 months. The company has invested close to Rs 300 crore at its Chakan plant near Pune. This will be utilised for ramping up the company’s facility. Currently it is producing about 2,000 vehicles per month after ramping up it would produce 3,000 units. The first variant would be introduced in the first 12 months which would be followed by the second variant.