Mahindra and Mahindra joins with Venture Partner Renault to launch new Vehicles in Indian Market.

Renault French auto major and Mahindra and Mahindra joins Venture  in 2005 to manufacture the mid-sized sedan Logan to tap the growing demand for cars in one of the world's fastest growing economies.

Mahindra not able to attract customers and has fared poorly in the passenger car category with the Logan currently selling about 500 units a month and a sharp fall from 1,200 units till January this year.

Goenka said Mahindra has now redefined its business plan afte the economic slowdown.  Mahindra and Goenka as reduced its capex by 10 percent from Rs.5,000 crore to Rs.4,500 crore, apart from putting new investments on hold for while.

Goenka is setting up another unit at Chakan, also in Maharashtra, that is expected to start production in November.

Mahindra and Goenka said they will start production in early November. The first product to be rolled out would be a light commercial vehicle, followed by a truck and a sports utilitiy vehicle (SUV).

Automobile major Mahindra & Mahindra said it is in commitment with joint venture partner Renault to introduce new products will be launch in the Indian market. We are in talks with Renault to see if it makes sense to bring in another product to the production line, Mahindra's automotive sector president Mr. Pawan Goenka said at a select media interaction and about Renault that now we are providing some facility for production. Mahindra want to make a SUV's car for customer also a luxurious. Renault has agreed for make a producation within 2011. Mahindra formed the joint venture with French auto major Renault in 2005 to manufacture the mid-sized sedan Logan to tap the growing demand for cars in one of the world fastest growing economies. but matter is that Renault need to more about economy system to make a base strong.