UPDATE: Mahindra S101 to be called KUV100, launch on 15 January; bookings, features and all you need to know [PHOTOS]

UPDATES

Popular UV maker Mahindra finally revealed the name of its upcoming SUV codenamed S101 in India on 18 December (Friday). Dubbed KUV100, Mahindra's new SUV will go on sale in the country on 15 January with a competitive price tag. The unveiling of the new KUV100 also marked the launch of Mahindra's new engine family mFalcon.

Here are the highlights from the Mahindra KUV100 (S101) unveiling event.

Mahindra KUV100 unveiling event concludes.

The first model of Mahindra KUv100 was booked three months ago. Mahindra confirms that the new KUV100 will be endorsed by 'Dilwale' star Varun Dhawan.

Mahindra KUV100 will be launched on 15 January, 2016 at the plant at Chakan.

KUV100 will come in seven new exciting colours.

Bookings for KUV100 will open on 19 December.

KUV100 will be available in both petrol and diesel engine options.

ABS will come as stand in all variants of KUV100.

KUV100 will have four variants on offer.

Mahindra KUV100 engine details

G80 petrol – 82bhp of power, 114Nm torque

D75 diesel- 77bhp of power

12.32 PM: The new Mahindra S101 SUV is called KUV100. KUV1oo stands for 'Kool utility Vehicle 1oo".

Mahindra KUV100 is built on an all new platform.

It also brings both petrol and diesel engine options and the engine family has been named as mFalcon.

Mahindra S101 aka KUV1oo is powered by new mFalcon.

It gets sweptback roofline, sculpted bonnet and wrap around headlamps.

S101 has a wide stance to give it an SUV like look with short overhangs, high belt line, and high seating position.

Mahindra S101 is a compact SUV for the youth.

12.15 PM: Vivek Nayer, Chief Marketing Officer - Auto Division on the stage to talk about new SUV.

Mahindra will reveal the name of the new S101 and a new brand of engines at the event.

12.11 PM: Mahindra S101 unveiling event begins.

Mahindra S101's official name will be announced soon at the event. The unveiling event is just moments away.

Mahindra S101 unveiling event will kick-start at 12:00 PM on 18 December (Friday).

Popular UV maker Mahindra is finally all set to reveal the name of its much-awaited mini-SUV codenamed S101 in India on 18 December (Friday).

The S101, a compact SUV to rival Maruti's tallboy WagonR and Chevrolet Beat in the domestic market, will go on sale in early 2016, with January as the probable launch date. A lot has been written about the upcoming S101 and the auto lovers in the country have already seen numerous spy shots of the model on the web.

Mahindra S101, a sub four meter compact SUV, is built on an all-new monocoque platform. The S101 is expected to include 1.2-litre diesel and petrol mills under the hood. While the petrol mill is likely to be an all-new engine developed by the company, the diesel mill could be the watered-down version of the 1.5-litre mHawk engine. Both these will be mated to a manual 5 speed transmission. There have also been rumours about AMT variant for S101.

Previous reports had indicated that Bollywood actor Varun Dhawan would endorse the new offering of Mahindra and the S101 is likely to be called KUV100. In KUV100, 'KUV' stands for Kompact Utility vehicle.

From the rumours floating on the web, Mahindra S101 aka KUV100 would be the most affordable SUV from the UV maker's stable and is likely to be priced at around Rs 4 lakh.