Mahindra closes bookings for the XUV500

Auto major Mahindra & Mahindra on Tuesday said it has closed the second phase of booking for its latest sports utility vehicle XUV500 and has received over 25,000 orders in a period of 10 days.

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The company will conduct a draw of the orders to deliver the vehicle to 7,200 customers.

In a statement, Mahindra & Mahindra (M&M) said it has received over 25,000 booking applications from customers during the second phase of bookings for its XUV500 that were open for 10 days from January 25 to February 3, 2012.

"As a customer-centric measure and to ensure a fair and transparent allotment, Mahindra will undertake an XUV500 draw since the booking applications have exceeded 7,200 in the second phase," it added.