adminIndia’s largest utility vehicle maker, which sells tractors in the United States but not passenger vehicles, had been working on the development of a pickup truck version of its popular Scorpio utility vehicle since 2006, spending about $100 million.
But the company said those plans are now scrapped. Mahindra “recently decided not to proceed further with the project due to changes in the US regulatory and market situation,” the company said in a statement on Tuesday. Last month, the company said it had not obtained the necessary certification to enter the US market
with the vehicle, but did not give specifics.
One analyst said Mahindra may look instead to enter the US passenger car market through its South Korean unit Ssangyong. — Reuters
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