The new offering comes with contemporary styling, luxurious interiors and advanced technology features.
"This new generation Scorpio will deliver exceptional value while offering accessible technology," Mahindra group Chairman Anand Mahindra said here.
The company had launched Scorpio in 2002 and has so far sold over 4.5 lakh units.
Scorpio has always met the company's expectations all the time which is why it is iconic and enduring, Mahindra said.
"We have made some styling changes of course, finally that is the least of the changes we have made in this car, this is a real new animal underneath the body, it is a new generation chassis, new generation transmission, interiors are completely new, there is so much to look at," he said.
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The Mahindra group chairman said that Scorpio already has an established brand in Chile, South Africa, Peru, adding, "This (the new offering) will be, I hope, a new life and new chapter in the history of this brand."
As many as 74,000 Scorpios are already on the roads outside India, he said.
The new Scorpio will be available with 7-, 8- and 9- seater options.
Mahindra & Mahindra Ltd Executive Director Pawan Goenka said the new offering would give additional volumes.