Mahindra’s American Scorpio to cost $25000

Scorpio is yet to make a debut in U.S, but Mahindra & Mahindra seems to be happy with the response. Mahindra and Mahindra has received firm orders for 45,000 scorpios from United states of America. The US order for Scorpios is, in fact, more than the 40,000 units M&M sold in India in the last financial year. The Scorpio would have a price tag of $25,000 in the US market. M&M plans to sell three diesel variants of the Scorpio starting March 2009, reports quoting John Perez, chief executive of Global Vehicles, which will be handling Scorpio sales in the US, said.Pawan Goenka, the president of the automotive division of M&M, said he was not surprised by the demand for Scorpio in the US, but said it had exceeded the company’s target. The company will have to expand the current annual capacity of 52,000 units of Scorpio to meet the US demand, he said.”It could either be in Nasik or Chakan (near Pune). We have not decided that,” he said, adding that the company would spend $50 million on upgrading the vehicle to meet the US National Highway Traffic Safety Administration requirements. M&M has already signed up 285 dealers in the US to sell the vehicle. The company also plans to invest $178 million for setting up sales and service outlets.

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