The SUV will hit production in 2017.
Report suggests the new SUV will be bigger than Yeti.
Mahindra could launch position it above the B-segment, says report.
Scheduled to launch during the first week of May, the ex-showroom price will be below Rs 10 lakh for the new low-cost variant.
The compact crossover costs between £12,495 and £16,495 depending on the engine and trim levels.
The compact crossover based on the new-generation-compact-cars platform will join the A-class, B-class and the CLA.
The compact SUV will be first shown as a concept at this year’s Tokyo Motor Show.
The government is contemplating the concept of two-box & three-box vehicles to rectify classification of an SUV.
The seven seater SUV has been priced at Rs 23.75 lakh & the pick-up at Rs 6.87 lakh.
SsangYong has no immediate plans to turn the SIV-1 Concept to reality.