The acquisition of Korean auto maker, SsangYong has started bearing fruit for Mahindra as the auto maker today revealed the Rexton SUV using the platform of the 2012 Delhi Auto Expo. Other than the Rexton, Mahindra has also showcased two of its concept cars, the latest concept XIV 1 SUV as well as the Actyon Sports from SsangYong, which is going to compete with the Xenon from Tata Motors.
Mahindra has also declared that it is going to launch the Korando E SUV from SsangYong in the Indian market but it did not reveal any prospective date of launching the same. An executive, speaking on behalf of the Indian auto giant, has said that Indian consumers were eagerly waiting to see what benefits was in store for them following Mahindra successfully acquiring SsangYong Motors. Keeping this sentiment in mind, the company has finally unveiled its Rexton SUV using the platform provided by the 2012 Delhi Auto Expo.
Mahindra had completed the process of acquiring 70% stake at SsangYong Motors, through an authoritative agreement signed in November 2010. Mahindra had to spend $463 million (amounting to Rs.2,015 crore) for acquiring the same. The company has also made plans of introducing the electric variant of its very popular Mahindra Verito sedan and for its latest offering, the Mahindra Reva NXR.
Automobile experts are eagerly waiting to see that these two new offerings from Mahindra get at the forum of the 2012 Delhi Auto Expo.