Mahindra & Mahindra (M&M) has firmed up plans to invest around Rs 1,000 crore in developing petrol engines over the next two to three years. The company is working on developing new petrol engines (1.5 litre and 1.6 litre) in-house and a 2.2-litre petrol engine in collaboration with Korean subsidiary SsangYong Motor Company (SMC).

Apart from joint engine development, M&M Executive Director Pawan Goenka said the company is also reviewing opportunities to share platforms with SMC. The first of the petrol engines developed jointly with SMC — a 1.2-litre mFalcon G80 — has been strapped in KUV100.

http://economictimes.indiatimes.com/industry/auto/news/industry/mm-to-invest-rs-1000-crore-for-developing-petrol-engines/articleshow/51114676.cms

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