Mahindra Motors India: Mahindra &Mahindra's core focus to be on utility vehicles segment Also Read - Scorpio On The Roof: Bihar Man's Rooftop Water Tank Impresses Anand Mahindra

Launching the new version of its large selling SUV Scorpio here, Malhotra said M&M is the market leader in UV segment with products like Bolero, Scorpio, XUV500, Xylo and Quanto, the first one being the largest selling. Also Read - Tata Motors launches Harrier SUV;price starts at Rs 12.69 lakh

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“To sustain that leadership position, the company will launch newer products on different platforms as well as refresh the existing models,” he told reporters. Now the entire automotive market is going through a de-growth phase, he said, adding that signs of positivity in sentiments has started to surface from the second quarter of the current financial year. “The coming festive season is expected to augur well for automobile companies,” Malhotra said.