Mahindra to rev up XUV 500 output to 3000 units

Mahindra and Mahindra’s latest sports utility vehicle XUV 500 sales are on a roll.  The company reopened bookings for this SUV on January 25th and received 5,900 orders within two days. The Indian automaker now is looking forward to increase the production of the SUV to about 3000 units in the coming 2-3 months to meet the strong demand. 

See More Mahindra XUV 500 Pictures                                                 Read More on Mahindra XUV 500

Mahindra XUV 500 SUV received an overwhelming response after its launch as the previous four months production of over 8,000 units was sold out in just 10 days span. Mahindra then suspended bookings and reopened it this year in January for a limited period of 10 days.  The company’s management is now looking forward to increase its production from 2,500 units to 3000 units every month, but increase in production involves increase in supplies too, so this is going to be a gradual process taking another two to three months.

See More Mahindra XUV 500 Pictures                                                 Read More on Mahindra XUV 500

Mahindra & Mahindra Senior Vice-President (Sales Customer Care) Automotive Division Arun Malhotra stated that in case the current bookings of XUV 500 SUV exceed 7,200 units by February, the company will then adopt lottery system for allotment.  The results of lottery will be out by February 15, 2012 and the booking amount will be refunded for the unsuccessful people in the draw. 

See More Mahindra XUV 500 Pictures                                                 Read More on Mahindra XUV 500

The company has also raised the prices of XUV 500 effective from January 1st with the three versions becoming costlier by Rs 30,000, Rs 50,000 and Rs 55,000 respectively. The Mahindra XUV 500 SUV was launched on September 29 at an introductory price ranging between Rs 10.8 lakh to 11.95 lakh.