Mahindra-Renault launches Logan

Mahindra Renault Launches Logan

MUMBAI, April 3: Fuelling competition in the Indian mid-size car market, Mahindra-Renault today unveiled Logan ~ an entry-level no frills sedan ~ with prices starting from Rs 4.28 lakh for the base petrol variant.

The joint venture company between India??™s Mahindra and Mahindra and French auto maker Renault will be rolling out 50,000 units of Logan this year from Mahindra??™s Nashik facility set up at a cost of Rs 700 crore.

While the 1.4 litre petrol engine variant is priced at Rs 4.28 lakh (ex-showroom Mumbai), the 1.61 litre carries a price tag of Rs 5.69 lakh. The 1.5 litre diesel engine car, which has two variants, comes at a price of Rs 5.47 lakh to Rs 6.44 lakh.

Initially, Logan will hit the roads in the top 10 cities of the country in the second week of this month.

???We aim to sell the entire capacity production of 50,000 units per annum from the Nashik plant in the Indian market and we do not have plans to export the product at the moment,??? Mramp up production??? if the market so demands.

The sedan, developed by Renault and its Romanian affiliate Dacia is modern but stripped of costly design features. It is almost a runaway success in the European market and has sold almost 4,50,000 units worldwide since its launch in 2004.

???Almost 50 per cent of the parts used in the car are sourced from Indian OEMs. The engines, however, are being sourced from Romania and Spain,??? Mr Mahindra said, adding that the company would use local engines on a later date. n PTI

Source: [url=http://www.thestatesman.net/page.news.php?clid=12&theme=&usrsess=1&id=152010]The Statesman[/url]