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Monday, 10 October 2011

Delay of XUV500 export to satisfy domestic demand by Mahindra

Mahindra-xuv-500
CHENNAI: With an aim to first satisfy the domestic demand for its newly- launched sports utility vehicle XUV500 model, automobile major Mahindra and Mahindra (M&M) proposes postponing its export plans, said a company official.

"The demand for the model is good even at this price point (Rs.10.8 lakh to Rs.11.95 lakh ex-showroom New Delhi). We have got bookings for 5,000 units within a week of its launch in five cities. The waiting period for the model is around 17 weeks now. Our capacity is to roll out 2,000 units per month. So we may have to postpone our export plans for the model further," Pawan Goenka, president, automotive and farm equipment sectors, told reporters at the 16th Asia Pacific Automotive Engineering Conference.Vcommindia News

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