2014 New Mahindra Scorpio now expected to launch on 25th September

Latest reports have been saying that the much awaited Mahindra Scorpio facelift will be launching very soon. It was recently reported that the updated new Scorpio will not launch in October, but in this month itself, most probably on the 23rd of September. However, fresh speculations say that the updated SUV model would launch on 25th September, 2014.

Mahindra Scorpio Facelift left

Mahindra Scorpio Facelift left

Nevertheless, whatever be the date, the latest reports say that the new 2014 Scorpio facelift will launch this month itself. And while there are a lot of confusion regarding the exact launch date of the model, it is expected that the new Scorpio will launch in the next week itself ending the long series of speculations and wait for the vehicle.

The iconic Mahindra Scorpio’s facelift model has been testing rigorously for more than a year now, and in the process getting spied at innumerable times. The new Scorpio was first expected to launch at the 2014 Indian Auto Expo back in February. Now, ending the eager wait of the Scorpio lovers in the country, Mahindra seems to have finally decided to launch the new Scorpio after making a lot of preparations.

The company has commenced the production of the updated Scorpio on 1st of August, 2014 as Mahindra wanted to build an initial inventory of 5,000 units before the SUV goes on sale in the country, to avoid a supply restrain that it had previously experienced after the launch of the premium XUV500. The supply shortage of the Mahindra XUV500 had resulted in a long waiting period for the SUV that extended to up to 15 months at some dealership outlets.

The Mahindra Scorpio is a very popular SUV in India which has been in the market for over 14 years, but is still beating the much newer models in terms of sales and retaining its top spot in the segment. The Scorpio has a huge fan base in the country which includes both the urban and rural markets. The Mahindra Scorpio manages to sell around 4,000 units on average each month, presently. The introduction of the new updated model is expected to boost its sales a great deal.

The new 2014 Scorpio, though only a refreshed model is going to come with a comprehensive makeover, with a number of changes on the outside as well as on the inside. The new Scorpio is expected to employ a new sturdier and lightweight ladder frame chassis for enhanced safety and performance. Sources also say that the dynamics of the new updated Scorpio is much enhanced in spite of the ladder-frame chassis.

Mahindra’s new Scorpio already seems to be a great success with a number of design, feature and performance improvements. The Scorpio facelift is also going to be more premium and thus is to be tagged at least Rs. 50,000 dearer than the current model. Post its market launch, the new Scorpio will compete with its arch rival Renault Duster and the others.

Mahindra keen to form global partnership with Peugeot Citroen and Saab

Mahindra is an esteemed auto enterprise in India, its main area of specialty is Sport Utility Vehicles (SUV’s). It has invested in sedan, hatchback and electric car segment as well with Verito, Verito Vibe and e20. According to latest reports the company is planning global partnerships with Peugeot Citroen and Saab.

Mahindra rise new logo

Mahindra Rise New Logo

Mahindra has not yet leaped over the weak market phase; the auto market economy was under the crux of recession for two continuous years. Signs of recovery are noted, and Mahindra is still facing challenges in domestic market. The firm believes that partnership at global level is a step towards future profit gains.

Among the strong partnerships bonds is Ssangyong Motor, an established South Korean brand that sells Rexton SUV’s. In its home ground Mahindra has formed an alliance with Reva Electric Vehicles Private Limited, and through the partnership, emerged an innovative e20 electric car. Mahindra’s operations are robust on international circuit, its SUV’s are in huge demand in markets of US, South Africa and Australia. The company’s truck sector is exceeding popular in US and is among the top brands.

Mahindra mentioned of expanding its Ssangyong unit in Russia, the largest export market of the firm. The company just launched the Ssangyong brand in China. Ssangyong and Mahindra are independent units in Chile, and the Executive Director of Mahindra Pawan Goenka is keen that the two firms remain independent identities.

The other new venture of Mahindra and Mahindra is strengthening operations in Chile, China and Russia with Ssangyong Motor. The firms are working on developing a coordinated global branding strategy in the coming four to six months. The company has a strong testing centre in Europe and Africa and US.

On expansion operations with Ssangyong in Russia and China, Pawan Goenka said, ‘’the brand Ssangyong was eminent in Europe years ago before we formed a joint collaboration unit. It was among the strong outputs when the country was going through peak financial constrains, and now it is a pathway to recovery.

The initiative of Mahindra to form a global alliance with Peugeot Citroen and Saab is a good move to enhance global ties. The company has also stated of its goal to launch cars in China and Russia with Ssangyong, and thereby has big goal strategies for the future. With the brand image of Mahindra being strong in established markets of US and South Africa, one can expect to view great outcomes of the extended global alliance.

In the near future there is going to be an amazing range of new Mahindra cars in India, exported from international markets. The company may be far away from its competition in domestic market, but has new impressive offerings, the first is the new Scorpio covered with new lavish material on the outside and inside. S101 is being developed along with Ssangyong and the new Bolero, also a modern twist of the past.

The forthcoming launches along with increased global alliance power of Mahindra are certainly a threat to its competition.

The new refreshed 2014 Mahindra Scorpio expected to launch on 23rd September

The iconic Mahindra Scorpio SUV has been a longtime favorite of the Indian SUV lovers. The stylish and powerful Scorpio has impressed the Indian audience for over 14 years and has been a crucial pillar behind the success of its maker. Mahindra & Mahindra which is the Indian SUV leader has been working on its highly successful Scorpio’s new facelift model, which has been getting spied on innumerable occasions for months now.

2014 scorpio image

2014 scorpio

After a long time of high speculations regarding the launch of the new 2014 facelift model of Mahindra Scorpio, sources now have particular launch date for the Indian SUV lovers. For the last couple of months it was rumored that the new refreshed Scorpio will be launching in October, right in the middle of the Indian festive season. Now, according to some sources tip from sources which are close to the development process of new Scorpio say that the model will be launched on 23rd of September, 2014.

The new Scorpio facelift is known as the project W105 for the Indian car maker, and if the new facelift model really launches on the 23rd of this month, then it has to be said that Mahindra has timed the SUV’s launch perfectly. The Indian festive season is considered to be the best time for any new car launches be it a brand new one or a facelift. And as the festive season of the country is going to start from the end of September, the new Scorpio will be better off if it launches on 23rd of this month rather than early next month.

It has been reported a lot of times that although the new facelift Mahindra Scorpio is just a refreshed model, it will be coming with a good amount of compressive makeover both on the outside as well as on the inside along with some added features. However, the new Scorpio will not get any changes in it’s under the hood specifications. Thus, it will continue to be powered by the same 2.2 liter turbo charged mHawk diesel motor that powers the SUV now. This engine generates a max power of 120 bhp and 290 Nm of peak torque, and is mated to a 5 speed manual transmission or a 6 speed automatic transmission gearbox. Nevertheless, Mahindra is expected to tweak the engine for better performance and power figures.

The feature list of the new refreshed Scorpio would include automatic climate control, cruise control, newly designed dashboard and central consoles, airbags, ABS, EBD, ESC, steering mounted audio controls and more.

On the outside, the new 2014 Scorpio will get a new face redesigned bumpers, projector headlights, LED DRLs, a new front grille and new fog lamps. The rear design will mostly remain the same with new LED tail lamps.

Mahindra has already commenced the production of the new Scorpio facelift last month. The new refreshed Scorpio will rival against the Renault Duster, Nissan Terrano and Tata Safari Storme.

Highly awaited upcoming Mahindra S101 compact SUV continues its test rounds

Mahindra & Mahindra is currently busy preparing its upcoming array of SUV soldiers to fight a very tough battle with its market rivals. The Indian auto major which is also the SUV major in the country does not really have a proper presence in the highly potential compact SUV segment of India. Thus, Mahindra is preparing three baby SUV models to be launched within the next 2 years time. The S101 compact SUV is going to be the first among these three upcoming compact SUVs from the house of Mahindra.

Mahindra S101 Spied rear camouflaged

Mahindra S101 Spied rear camouflaged

The Mahindra S101 is still known by its codename and its test prototypes of the compact SUV is getting spotted in various parts of India recently. The S101 has been also caught testing on in harsh driving conditions of Leh, Ladakh, as the Indian  SUV master wants to test the S101’s tough road handling capabilities.

The upcoming Mahindra S101 will be a sub-4 meter compact SUV that is reported to have smooth, urban styling in order to give the premium hatchbacks of India a run. This vehicle will amalgamate the best features of a hatchback and an SUV to charm the Indian city car buyers. The S101 is going to have the compact dimensions and smooth urban styling to impress the hatch buyers while offering the high seating position and rough road abilities patent to a quality SUV. Thus, the new S101 is expected to be a huge upcoming success from Mahindra & Mahindra.

The Mahindra S101 is expected to launch in India in early 2015. It is going to be pitched primarily against the likes of the highly successful Ford Ecosport urban SUV post its market launch. Mahindra is also expected to price the S101 very aggressively in order to give a tough competition to its market rivals.

Though, the Mahindra S101 compact SUV has been always caught testing with heavy camouflages, it is expected to get great styling. The S101 is expected to get bold exterior designing along with a premium, while on the inside also the vehicle will get nice fit and finish with good features and plush cabin. When features are concerned, it is speculated to include some premium features such as auto climate control system, steering mounted audio controls and advanced infotainment system.

The upcoming Mahindra S101 is also expected to pack in great safety features such as four airbags, Anti-lock Braking System with Electronic Brake-force Distribution and Electronic Stability Programme.

Mahindra S101 Compact SUV is going to be offered in India in both petrol and diesel versions and is speculated to be powered by the company’s newly developed 1.2 liter 3-cylinder petrol motor and a 1.5 liter 3-cylinder mCR100 diesel mill.

Mahindra & Mahindra has been testing the S101 for about a couple of years now, but has yet not revealed any details about the new baby SUV. The S101 is expected to be priced in the Rs. 5 to Rs. 7 lakh range.

2014 Mahindra Scorpio all set to hit this year’s festive market with a new look

Mahindra & Mahindra the leading Indian utility vehicle manufacturer is all set to launch its new facelift Scorpio SUV in the domestic car market. The iconic Mahindra Scorpio’s refreshed new model has been testing the patience of the Indian SUV lovers, as it has been going around India on its test rounds without any official words of hitting the market. The new 2014 Scorpio has been spied on countless occasions, but Mahindra has still not announced its launch dates. However, as per a number of sources, the SUV model is all ready to hit the Indian market during the auspicious time of the fast approaching festive season.

2014 Mahindra Scorpio Facelift in Pune

2014 Mahindra Scorpio Facelift in Pune

According to the sources, Mahindra & Mahindra like many of its market rivals has scheduled its new refreshed Scorpio in this year’s festive season, which is considered to be very auspicious by the Indian’s for making investments and high value purchases. The new facelift Scorpio is one of the big launches in India among several other crucial car launches this year.

The Indian SUV master, Mahindra has not come up with any major launches ever since the launch of its premium SUV XUV500. The company has recently announced that it will be launching around 5 new products in the next 15 months in India. Though many new SUVs and UVs have arrived in India, the Mahindra Bolero and Scorpio have remained the segment leaders. First launched back in 2002, the Mahindra Scorpio is an iconic SUV model that is still a favorite among customers with an average monthly sells of around 4,000 units.

While speaking on the Scorpio SUV, M&M’s chief executive officer of automotive division and international operations, Mr. Pravin Shah said that the 12 year SUV which has ruled the roads in India has played a key role in changing the brand impression of the company and transforming the SUV segment in the Indian automotive industry.

The stylish, power and rugged SUV has crossed the milestone of the presence of 4,50,000 units on the Indian roads. Mahindra took 4 and half years to develop the Scorpio from ground up. Shah added that Mahindra invested heavily on the Scorpio and it was thus, a make or break product for the company.

Even after more than a decade of ruling the segment, the Mahindra Scorpio sells more than some of the very new SUVs and UVs in the segment. Shah added that company will continue to invest in the ioScor brand and introduce new variants and refreshed models to expand its presence. The advent of the urban UVs such as the Ford EcoSport, Maruti Ertiga and Renault Duster has affected the traditional rugged SUV market such as the Scorpio, Bolero, Tata Safari etc.

However, the Scorpio’s new avatar along with its comprehensive makeover is expected to rack up great volumes for the company. The all new Mahindra Scorpio is also expected to hit the Indian market in 2016 to make a brand new impression.

Mahindra is slowing moving around the competition

Mahindra and Mahindra is an esteemed Indian based auto manufacturer, for years it has emerged powerful through its Sport Utility Vehicles (SUV’s). It is among the first to define the core value of SUV’s with the likes of XUV500, Scorpio, Xylo and Bolero. Although there is so much excitement in Mahindra SUV sector, the future appears challenging.

Mahindra Bolero Camper Gold VX

Mahindra Bolero Camper Gold VX

Reports have termed the future journey of the remaining 2014-15 financial year to be a rigorous.  The auto market went through a challenging phase for two continuous years; it was only in the period of 2014 May that signs of recovery were noted. Mahindra has not yet recovered from the gloom, with 7% sale setback in 2014 August compared to a year ago. It is a slow revival indeed, since there has been a surge in passenger car segment. Mahindra is not able to garner immediate profit yields, the share value of the firm lowered in the past week. The trend is varied with other firms that noted impressive share hikes during the last week; there wasn’t much of optimism in investor relations as well.

Sources wonder about the lackluster pickup of Mahindra, there is a series of hindrances to look into like increase in diesel costs over the past year. It is a steep 12% rise; the government of India has proposed higher excise duties on diesel cars, which has increased ownership costs and also brake even time of its utility vehicles. Increment of diesel fuel has affected the sale of utility vehicles, mainly because many Mahindra utility vehicles run on diesel fuel. The trend was different three years ago, where petrol rates were high and diesel more consumer centric. The table has now turned and has affected the profitability output of Mahindra.

There has been so many compact utility vehicle launches in the past few years, from established auto firms such as Nissan, Ford and Renault. Mahindra has not been on the headlines for new launches, and it is left behind in the intense competition from high-class foreign firms. Mahindra is still stuck with its conventional rugged and sporty car formula; and analysts were concerned about the slow competition pace. Today with so many new compact SUV launches, there is little crowd around Mahindra showrooms, and the desirability factor for utility vehicles has reduced with nothing really new to showcase.

Mahindra’s 2014 annual report reveals its higher working capital investment, the consequence of which is constrained market environmental, and the aftermath effect is controlled cash flow. According to Emkay Global Financial Services Limited, free cash flows dipped during 2013-2014 financial year. The primary consequences for reduction in cash flow are the amount that went into capital investment and also revenues that went into subsidiaries. With the unfavorable market economy and forced increased capital expenditure, the future projections are minimal. Forecast for the present financial year predict single digit growths, and there is still lanes of challenges to pass before hoping to achieve positive outcomes on new launches.

Mahindra may appear to be behind the competition, but it has engaged in new level of thinking. The company has interesting new launches in store such as new Scorpio facelift, 2016 Bolero and S101. The 2014 Scorpio facelift is not just another Scorpio car; it is designed on par with modern SUV competition. The same trend follows with 2016 Bolero, and S101 is a signature SUV piece.

Mahindra & Mahindra to launch 3 compact SUV models over the next 2 years

The Indian compact SUV market is really buzzing with excitement. While the existing baby SUVs in India are racking in huge sales volumes for their makers, the other car makers who do not have a mini SUV in their range are extremely busy developing one. In such a situation, the Indian SUV leader Mahindra & Mahindra has nothing to offer in this segment. While the India auto major does have the Quanto, it is only a chop-shop compact version of the bigger Xylo SUV, and is now fast losing on its popularity. However, in order to retain its top position in the utility vehicle market of India and to boost its sales Mahindra is definitely working on new compact SUV models. And now, it is confirmed that the company is readying up not one, but three new compact SUV models to attach this segment of India over the coming two years’ time.

Mahindra S101 Spied rear camouflaged

Mahindra S101 Spied rear camouflaged

Mahindra & Mahindra is going to launch 3 compact SUV models in India in the next 18 to 24 months, as the company wishes to give a strong answer to the likes of the successful Ford EcoSport and Renault Duster. Over the last couple of years, the rise of the compact SUVs including the Ecosport, Duster and Nissan’s Terrano compact SUVs, Mahindra’s sales rates have been affected quite a bit, and now the Indian SUV master is all set to put this right.

As per the reports, the upcoming Mahindra mini SUVs will be more of the Ford Ecosport rivals, as all the three SUV will be less than 4-meters in length. This sub-4 meter car segment is especially attractive, as it gets excise duty benefits from the Indian government enabling the car makers to price the cars more affordably. Mahindra & Mahindra has very limited presence in this highly potential segment, as most of its vehicles are big. Mahindra is thus, looking to expand its sub-4 meter segment presence and offer very attractively priced baby SUVs to the Indian customers to reinstate its leading position in the Indian UV market.

It has come into light that Mahindra is going to refresh its first compact SUV offering in India, the Quanto. Codenamed as the U215, the facelift Quanto will get major design changes that are being worked on at the company’s design centre in Italy. The refreshed Quanto will be placed between the other two compact SUVs namely the upcoming model, codenamed as S101 and the probable mini Bolero version, codenamed the U301.

Mahindra is already known for its affordably priced SUVs, and with its upcoming compact SUV models, it wishes to offer highly aggressive price range in order to lure in more buyers than its rivals.

As per sources, each of these new Mahindra compact SUV will have different characteristic in terms of design to cater to the various customer preference. The S101 will be more hatchback like, while the facelift Quanto will have a more boxy and rugged appearance. On the other hand, the U301 will have very bold design features.

The fascinating new Scorpio facelift will launch soon

The country is waiting for new Scorpio facelift; it is not just another Scorpio, but a different one. It is a modern twist of the past; the vehicle will have solid exterior and interior treatment. The SUV market in India is bustling with activity, and Mahindra is among the first to discover the core value of utility vehicles, visible in its classic products such as XUV500, Scorpio, Xylo, and Quanto. Scorpio has ruled the SUV market for mighty twelve long years and continues to remain incredibly desirable.

Mahindra Scorpio Facelift 001

Mahindra Scorpio Facelift 2015

Mahindra has chosen Scorpio among its list of pioneers for a facelift, mainly because it’s a best seller, from inception till now the company has made enormous profits with the car. It has topped the sale charts and out beaten Renault Duster. Scorpio is among the most wanted pieces, Mahindra lately introduced an amazing discount package on Scorpio, and it was a super exciting moment, the package stretched to Rs 60,000.

Mahindra has not undergone facelift since 2009, and this time it is major, the modifications on the exterior are visible on bonnet layout, front grille, front fascia and headlights. Nothing much has changed on the sides, and will have similar identities to its predecessor. There is so much excitement to look forward to on the inside, the improved décor sports a splendid story, the lavishness is on par with XUV500. Reports say the layering is up market and professional, and the features to look forward to are, world class music system with Aux-in, USB and Bluetooth connectivity, premium leather upholstery, start stop system and steering mounted audio controls. The air con vents are square shaped and not the usual round shape tucked into the current model.

True to its identity Scorpio has phenomenal engine power; Mahindra has used the same engine formula on the new Scorpio facelift. The car will run on an efficient 2.2 liter M-Hawk diesel turbo engine and the expected energy efficiency values are 120-140 bhp and 140-330Nm torque. Mahindra has engineered the vehicle with double transmission, the five speed manual gearbox is the same as the one used in present car and the new insertion is six speed automatic transmission.  The vehicle is engineered with more advanced technologies, Scorpio facelift will have greater power inscribed on the superior suspension system that enables greater handling and ride quality.

The SUV market in India has grown to a whole new level in a short span of time, in the past few years, so many launches have happened at a blink of an eye. The competition has thereby become more intense; Scorpio facelift has the inspiration to overpower its competition. Its arch rivals are Renault Duster, Volkswagen Taigun, Nissan Terrano and Ford EcoSport. Mahindra was not in the spotlight in the midst of new launches, but it has formatted a competitive strategy.  For those who can’t wait for the car, the launch is expected to happen soon, although reports have confirmed that it will happen quickly, it is still hard to wait. Ardent Scorpio fans can be assured that it is going to happen soon.

Mahindra keen to focus on SUV’s and remains silent on Peugeot partnership

The new Mahindra Scorpio is a hot new launch, it is not just a progression of the earlier vehicle, there are too many interesting elements attached to it, different from any other Scorpio car in the market. The new Scorpio facelift is a modern twist from the past, the exteriors are extensively modified and the interiors have more up-market layering. Every second day a new review of Scorpio facelift is provided.

Mahindra rise new logo

Mahindra Rise New Logo

With so much written about new Scorpio facelift, Mahindra is keen to strengthen its already reigning SUV power. There were earlier reports that the company plans to partner with Peugeot, Mahindra however remains silent on the topic, the MD and Chairman of the company Anand Mahindra announced that it will continue to create partners and partnerships. The major selling proposition of the company is SUV’s and it has also invested in sedan and hatchback market with Verito and Verito Vibe.

Mahindra has announced of its plan to dwell into its own selling DNA SUV’s, and also plans to launch electric variants of Vibe and Verito. The company is of the view that it has a strong network of new launches in the form of completely fresh products and refreshes. On the topic of profit marketability the company said, late monsoons have hindered sales, the public is of the view that industry is expanding, but much of the progress has happened on the back of new launches.

Mahindra’s aim to focus on SUV’s is a good move, because it is a pioneer in this segment and among the first to define the core value of SUV’s. Despite its significant SUV power status, there are challenging times ahead for the company, mainly because of the intensified competition. Over the past few years there have been a string of new SUV products such as Renault Duster, Volkswagen Taigun, Ford EcoSport and many others. There are several new comers as well like Hyundai ix25, Maruti Suzuki XA Alpha, Datsun Go Plus, Renault Lodgy and so on.

At one point of time Mahindra was among the few firms to have a massive list of SUV’s its core specialty. Its fiercest rival was Tata Motors, now the list has just gotten bigger. True to its own potent identity Mahindra has the strength to drift past the competition, the new Scorpio facelift is designed with modern elements. The interiors are more up market on par with the plush nature of XUV500, the mechanical fitments remain unchanged. It is not only the Scorpio facelift that is on the launch cards. Mahindra is constructing a new Bolero car, which is the 2016 model, and it too is a contemporary version of the past. There is another interesting launch in the pipeline called S101 built on joint partnership basis with Ssangyong the established South Korean firm. Here also the insides are XUV500 inspired and there are Datsun Go identities on the exteriors.

There are exciting times for ardent Mahindra fans, and the company will bring back its lost days of missing new SUV’s.

Mahindra S101 baby SUV spied with chrome encased fog lights

The Mahindra S101 has been in news for long now, as the vehicle has been getting spied in India for about two years now. There are also high expectations from this small SUV, as it will be the first full-fledged sub-4 meter SUV from Mahindra & Mahindra. The compact SUV market which comprises of the sub-4 meter SUVs is a highly potential segment in India which going to grow immensely, and all car majors are preparing their own representatives to hit this segment soon enough. In such a time, the leading Indian SUV maker Mahindra does not have anything in this segment other than the Quanto which is dwindling in its popularity. In such a situation, the S101 baby SUV could be a major game changer for the company and that’s why the huge amount of speculations regarding it.

Mahindra S101 spied

Mahindra S101 spied

The Mahindra S101 is still known by its codename and has been religiously following its test schedule. The upcoming compact SUV from the house of Mahindra & Mahindra was spied again recently in Chennai by an auto enthusiast. The latest spy shots of the Mahindra S101 test prototype that were posted on the internet by an auto portal reveals a new exterior detail of the vehicle.

As per the latest set of Mahindra S101’s spy pictures, the vehicle is seen flaunting chrome enclosures for its fog lights. As the S101 is nearing its final production version, the chrome fog light enclosures seen on its test mule suggests they will make it to the vehicle’s production model as well. In the Indian market, vehicles that come with chrome garnishes in the front grille or on the fog light enclosures are basically praised as superiorly designed cars with a premium touch. Thus, the chrome fog light enclosures seen on the S101 prototype confirm all the previous speculations that Mahindra will design its S101 compact SUV with an up-market look and feel.

The S101 will be the smallest vehicle offering from the Mahindra & Mahindra stable (the small e2o EV falls under the Mahindra Reva brand). According to some sources, the upcoming Mahindra S101 baby SUV will not only compete with the likes of the Ford Ecosport urban SUV, but will also give a tough fight to the premium hatchbacks such as the Maruti Suzuki Swift. This is because the SUV will have the dimensions and design pattern of the big hatchback models, while also offering the tough and high driving position of the crossovers that the Indian car divers love. Moreover, Mahindra is expected to price the S101 very competitively targeting the premium hatchbacks.

Mahindra will power for the compact SUV S101 with newly developed, 3-cylinder petrol as well as diesel mills. The baby SUV is expected to offer great features such as audio system with steering mounted controls, power adjustable wing mirrors, dual airbags, ABS, dashboard mounted gearlever and many more.

The Mahindra S101 compact SUV will launch next year and is expected to be priced at Rs. 5 to 7 lakhs.