Mahindra launches compact truck @ Rs 1.65 lakh

Leading auto maker Mahindra and Mahindra Ltd launched India's first 0.5-tonne compact truck, Mahindra Gio, priced at Rs 1.65 lakh (ex-showroom Mumbai).

The vehicle offers a mileage of 27 km per litre and comes with a high performance 9.1 HP Kohler engine for good pickup and load carrying capacity.

This entry level four-wheeler cargo carrier will be available in four attractive and youthful shades of peacock blue, royal red, golden yellow, and sporty green.

The Mahindra Gio is being manufactured at Mahindra's Haridwar plant and is being launched in a phased manner. It will be available initially in west, north and select eastern states and shortly thereafter in the rest of the country.

"...As city limits gradually expand and distribution needs increase, the Mahindra Gio presents a high earning potential for customers who will benefit from its high mileage, low maintenance cost, optimum utilization of space and low acquisition cost," said Pawan Goenka, president, automotive sector, Mahindra & Mahindra.