M&M may hike XUV 500 price in future

Mahindra and Mahindra launched the Mahindra XUV 500 at an introductory price of Rs 10.8 lakhs for its base variant. Loaded with many exceptional features and a competitive price tag, the crossover SUV has attracted 6000 bookings in just two days after the launch. The tag ’introductory’ explains that the price is subjective to revision in few months down the line. Fearing the impending hike in the price, the customers are grabbing the chance to own the SUV with both hands. The industry experts believe that the Mahindra XUV 500will replace the Mahindra’s flagship SUV, Scorpio with its tremendous fan following. Mahindra XUV 500 is expected to take the same path of glory as that of Mahindra Scorpio. The Mahindra Scorpio was launched in 2002 at an extremely competitive price of Rs 5.5 lakh. With due course of revisions every now and then, the latest version of Mahindra Scorpio Ex variant has been launched at Rs 7.49 lakhs.

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The Mahindra XUV 500 is introduced in two-wheel drive and the four-wheel drive options in W6 and W8 variants. The Mahindra XUV 500 price for the top variant is around Rs 13 lakhs. The crossover SUV comes with many features like 6-inch touch screen infotainment display, GPS navigation, DVD player, cruise control and tilt steering with steering mounted audio controls. The safety features include the hill descent control, ABS, airbags, EBD and ESP. The Mahindra XUV 500 has the Scorpio’s 2.2 L mHawk diesel engine to churn out the top power of 140 Bhp and a peak torque of 326 Nm. The SUV is incorporated with the 6-speed manual gearbox. The SUV offers ARAI certified remarkable mileage of 15.1 kmpl.

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The SUV had been introduced in the Indian and the South African markets so far. However, M&M has elaborate plans laid out for the SUV including exports to the overseas markets like China and Brazil. The company envisages exporting the units from the South African manufacturing plant to the neighboring countries like Botswana and Swaziland.