Mahindra & Mahindra brought in the second generation Thar with high anticipation in late 2020 and it has certainly delivered. With more than 75,000 bookings already, the lifestyle off-roader has been well received amongst consumers and towards the closure of September 2021, the XUV700 was introduced and it did send shockwaves with its aggressive price strategy.
The Mahindra XUV700 is part of a slew of new launches planned till 2026 and is offered in an expansive range addressing a wide range of customers in the midsize SUV segment. Moreover, the hype was proved to be more than real as over 65,000 reservations have been made. Mahindra is expected to follow it up with the arrival of an all-new Scorpio.
The new generation Mahindra Scorpio has been spotted testing for many months on public roads and recent prototypes suggest that the SUV is almost production-ready. Just as the Bolero, the Scorpio is a long-serving nameplate for the homegrown SUV specialist and the upcoming version will have major updates inside and out along with a new features list.
The loan defaulter had filed an FIR with the Rajasthan Police against SBI’s sale to ARC and made all the directors of Alchemist ARC a party in the case, including Chaudhuri. However, SBI was not made a party to the case
SBI is strongly backing Chaudhuri in the matter. Dinesh Khara, current chairman of SBI, has categorically said that “there has been no irregularities in the said case and prescribed rules and the processes were followed by the bank in dealing with this account”.
In its statement, SBI said the hotel property was sold in March 2014 after the retirement of Chaudhuri in September 2013. Besides, sale to ARC happens in a transparent auction mechanism.
Chaudhuri is also getting support from the banking community as he was denied bail with no recourse to put his defense. The Indian Banks’ Association (IBA), which represents the banking industry, has already approached the government. In fact, the arrest of Chaudhuri has come at a time when the government has assured the bankers time and again that they will get full protection against bona fide commercial decisions.