India, April 30 -- Mahindra & Mahindra (M&M) aims to be among the top two players in the Indian compact SUV segment in the next three years, the homegrown automaker has revealed while launching its latest product XUV 3XO on Monday. While launching the Mahindra XUV 3XO compact SUV, which is essentially a significantly updated iteration of the Mahindra XUV300, the OEM's Executive Director and CEO (Auto and Farm Sector) Rajesh Jejurikar said the company anticipates SUV volume growth in the mid-to-high terms, reported PTI.

The SUV segment in the Indian passenger vehicle market is one of the most competitive spaces, which sees fierce rivalry among the products in this category launched by various auto OEMs. The compact SUVs being affordable a...