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Thursday, 29 September 2011

With the initial cost of Rs. 10.8 lakh Mahindra to launch XUV 500

NEW DELHI: Mahindra & Mahindra (M&M), India's leading manufacturer of utility vehicles on Thursday launched its new global sport utility vehicle XUV 500 at a starting price of Rs 10.80 lakhs (ex-showroom Delhi).

Mahindra will position the XUV 500 between the Scorpio and the premium SUV range which comprises of the Toyota Fortuner, Chevrolet Captiva, Mitubishi Outlander, Honda CR-V and the likes. The XUV 500 will be available in both 4x2 and 4x4 variants.

The launching of the vehicle will take place in South Africa. "In the next six months, it will be launched in Australia, South and Central America, Western Europe and SAARC countries," M&M President (Automotive and Farm Equipment) Pawan Goenka told reporters here.Vcommindia News

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