Mahindra and Mahindra has recently announced that the pan-India launch of the Mahindra XUV500 SUV has been delayed because of high demand for the SUV after the initial launch in the 5 cities in India. Now in another statement given to Media, the President of automotive and farm equipment sectors Pawan Goenka has revealed that the exports of the XUV500 will also have to be delayed to some of the countries because of the high domestic demand of the top end all wheel drive variant in India. The waiting period has already increased to as high as 17 weeks and this has also led to Mahindra dealers not accepting any fresh bookings of the top end W8 variant of the XUV500.
image- Mahindra XUV500 Exteriors
Taking to media, Pawan Quoted:
“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. We are looking at markets like Australia, Chile and neighboring countries. Our plan is to ship the model out of India. Earlier we had planned to cater to these markets six months after the domestic launch. But with the demand booming we may have to postpone the new export markets further”
source- ET
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