Mahindra has confirmed the launch of its premium SUV (codenamed W201) by Diwali this year. The company has invested Rs. 600 crore in developing this SUV which will be exported across the globe. The new world SUV features an all new platform and will be positioned above the Scorpio. The company expects to move up the chain with the launch of the W201, which will be priced north of Rs. 15 lakhs. Mahindra plans to launche 10 new products in the next couple of years.