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Mahindra & Mahindra (M&M) is planning invest around Rs 1,000 crore for the developing petrol engines over the next two to three years.
The company has been working to develop new petrol engines (1.5 litre and 1.6 litre) in house and a 2.2 litre petrol engine in association with Korean subsidiary SsangYong Motor Company (SMC).
Pawan Goenka, M&M Executive Director said that apart from joint engine development, the company has also been reviewing opportunities to share platforms with SMC.
He further said that “Over the next two-three years, we will end up spending Rs 1,000 crore in putting petrol engines in our vehicles. We are working on 1.5-litre petrol engine right now. The 2.2-litre petrol will come in Scorpio and XUV500 in mid-term.”
