Sun, 09 Oct 2011 05:33:22 GMT

Mahindra & Mahindra launches the XUV500 SUV; prices start at Rs 10.8 lakh

Pune: Indian auto major Mahindra & Mahindra launched its global sports utility vehicle, XUV500, at an introductory price between Rs 10.8 lakh and Rs 11.95 lakh (ex-showroom, Delhi). The vehicle, which was designed and developed by the company's Chennai-based research team, will be launched in South Africa on September 30.


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.

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