Mahindra & Mahindra Ltd on Saturday said it would postpone the launch of sports utility vehicle XUV 500 in the overseas markets, given the current demand for the model in the domestic market.
According to Dr Pawan Goenka, President, Automotive and Farm Equipment Sectors, Mahindra and Mahindra, XUV 500 has received 5,000 bookings in one week after launch in five cities. “The waiting period for the car is currently 17 weeks.”
This has prompted the company to increase production capacity at the Chakan plant. “Earlier, we had planned a production capacity of 2,000 units a month. Now, we are looking at ramping up rapidly,” said Dr Goenka on the sidelines of Asia Pacific Automotive Engineering Conference 16 organised by the Society of Automobile Engineers.
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.