The automaker aims to spend Rs. 9000 crores to develop and manufacture 9 new SUVs, including 2 EVs.
The carmaker, at present, is facing a shortage of digital instrument clusters, it is said.
The SUV is expected to be launched in the September-October period this year.
It will be a modern version of the XUV Aero concept which the automaker showcased at the Auto Expo 5 years ago.
Bose would likely head the Mahindra Advanced Design Europe (MADE) that will be set up in the UK.