With XUV300, Mahindra and Mahindra eyes 20% share in compact SUVs

Mahindra will be offering the XUV300 in petrol and diesel variants

Mahindra and Mahindra (M&M) is looking to corner 15-20 per cent market share in the competitive compact SUV segment with its about-to-be-launched offering — the XUV300. It will also launch an electric version of the model in 2020.

Based on the Ssangyong Tivoli platform, the sub-four metre, five-seater model will compete with Ford Ecosport, Suzuki Vitara Brezza and Renault Duster and go on sale in the first half of February. “The XUV500 is a very successful model. The Cheetah-inspired model is really liked by consumers. Therefore, we thought it makes sense to take the heritage of the model forward. Though the