Beetle which is priced at 22 lakh Rs (ex-showroom Mumbai) will come in a single 2-litre petrol variant, which will be available for delivery immediately after the launch. It will come with a 6-speed automatic gear box and deliver 13-14

The two companies will infuse the funds in three years, with Mahindra holding 74 percent of the equity and BAE 26 percent in accordance with the Indian government's current defence sector foreign direct investment norms.