Leading Indian auto-manufacturer, Mahindra & Mahindra (M&M) announced slash in Scorpio prices by Rs 34,000-70,000 and upgraded the sports utility vehicle (SUV). The move is aimed to meet emission standards under Bharat Stage 4 norms, equivalent of international standards to cut carbon emission.

Pawan Goenka, president-- automotive sector, M&M, said, "We are re-positioning Scorpio to maintain the brand. The mHawk engine, which was earlier used only in VLX model, will now be used across the board."

The recent cut, came from the technological advancement, that would also reduce the cannibalization between Scorpio and Xylo due to small difference in their prices. The Scorpio can be purchased in the price range of Rs 7.21 lakh to Rs 9.2 lakh while Xylo is available at Rs 6.35 lakh to Rs 7.84 lakh.

Mr. Gupta said, "The Company conceived the idea before the introduction of Xylo, but could not make it public for obvious reason. Now, the cannibalization between the two products will come down. However, there will be some cannibalization, which we are okay with."

He also informed that the company, holding 55% share of the domestic utility vehicle market, wants to increase sale of all its all SUV's during the fiscal. M&M sold around

84,000 utility vehicles by the end of February, against 85,000 during the same period last year. (With Inputs from TopNews correspondents in India)