Mahindra & Mahindra launches the XUV500 SUV; prices start at Rs 10.8 lakh
"In the next six months, it will be launched in Australia, South and Central America, Western Europe and SAARC countries," M&M President (Automotive and Farm Equipment) Pawan Goenka told reporters.
In the domestic market, the Mahindra & Mahindra XUV500 will be first available in Delhi, Mumbai, Bangalore, Chennai and Pune.
The the Mahindra & Mahindra XUV500 will be pitched against the likes of General Motors' Captiva and the Toyota Fortuner, which are priced at around Rs 19-20 lakh.
M&M Chief of Operations (Automotive Sector) Rajesh Jejurikar said the price of the XUV500 could be revised after three months, depending on commodity prices and other input costs.