Mumbai, Aug. 15 -- Mahindra & Mahindra Ltd will develop new petrol, diesel and electric vehicle models on one common technology platform that will give it the flexibility to meet global emission norms and adjust its products based on market demand, as competition in the world's third-largest automobile market intensifies.

While revealing its new vehicle platform NU_IQ, the company on Friday unveiled design prototypes of four new sports utility vehicles (SUVs) that will be based on the platform. These SUVs based on the new platform will begin arriving in the markets in 2027. The automaker, however, did not commit to the launch of hybrid vehicles just yet.

Mahindra & Mahindra (M&M) joins Tata Motors in securing access to a technology plat...