Kochi (PTI): Mahindra and Mahindra Limited (M&M), one of India's leading automotive companies, on wednesday unveiled an ergonomically designed Alfa Passenger, modern diesel three-wheeler, in the Kerala market.

Speaking to reporters here, Mahindra and Mahindra Limited Deputy General Manager, Marketing (auto sector), Hyder Khan said, the new Alfa Passenger three-wheeler is the first vehicle in its segment which is truly designed and developed for customers.

The vehicle is priced Rs 1.30 lakh, he said.

The company will come out with the CNG and LNG versions in the first quarter and the price would be Rs 20,000 more than the diesel version.

The Alfa is one of the most successful brands from the commercial vehicle stable of Mahindra and Mahindra and offers features that are best in its class, he said.

He said Kerala is a favourable market for their product, adding the company expects to sell about 200 to 300 vehicles per month.

The several customer-centric features that the Alfa Passengers offers include spacious cabin for both the driver and passenger, sitting comfort, less vibration and low noise level and stylish look, he said.

The USD six billion Mahindra group is among the top 10 industrial houses in India and Mahindra and Mahindra is the only Indian company among the top tractor brands in the world.