INCOMING: M&M Verito hatchback to be launched in September

Senior Vice President, Sales and customer care, Arun Malhotra said, “We had launched the Verito in 2007 in collaboration with Renault, which had a 41 per cent stake in the joint venture. In 2009, Mahindra bought over Renault’s stake fully. At that time, the vehicle was selling only 350 units a month. We turned that around to sell 5,300 vehicles a month in 2009-10 and by 2010-11, sales climbed to 10,100 units, marking a growth of 86 per cent. In 2011-12, we sold 17,980 Veritos,”

He further said,“We have plans for Verito. We will launch a hatchback version of the car four months from now”