Mahindra & Mahindra Ltd. (M&M) on Thursday launched the Mahindra Gio,a four wheel 0.5 ton compact truck,in the city. The Mahindra Gio is available at Rs. 1.65 lakh,ex -showroom BSII and BSIII price is Rs 1.68 Lakh. Equipped with a 9.1 HP Kohler engine,from Kohler,USA,the Mahindra Gio gives a mileage of 27 km per litre. According to the company,Gio will create a new category in the cargo commercial vehicle segment The Mahindra Gio is the first of its kind entry level four wheel cargo vehicle,and is all set to change the dynamics of the small CV segment. As city limits gradually expand and distribution needs increase,the Mahindra Gio presents a high earning potential for customers who will benefit from its high mileage,low maintenance cost,optimum utilisation of space and low acquisition cost, said Vivek Nayer,senior vice-president marketing-automotive sector,M&M. It is manufactured in Mahindra's Haridwar plant and is being launched in a phased manner. It will be available initially in West,North and select Eastern states and shortly thereafter in the rest of the country. The Mahindra Gio is most suitable for intra city operations,the company said. Its compact 0.5 ton cargo box ensures maximum utilisation of space. A small turning radius of 3.8 metres,dashboard mounted gear shifter and 'car like' steering wheel allows this carrier to negotiate the narrowest of roads with ease. The truck comes in five colours: Peacock Blue,Royal Red,Golden Yellow,Diamond White and Sporty Green.