-1.30 (-0.04%) Automobile manufacturer Mahindra & Mahindra (M&M) has launched its indigenously designed and developed sports utility vehicle (SUV) - ‘XUV 500’ in Indore. The vehicle's ex-showroom price is Rs 11.83 lakh. The company has so far launched the vehicle in 19 cities and eyeing to do so in Patna and Jaipur.
M&M's monthly production capacity of XUV 500 has soared to 4,000 vehicles, and therefore the company is now extending its launch across the country, all India booking for the vehicle would begin from June 8 through its 100 dealers.
Mahindra & Mahindra is the flagship company of the Mahindra Group. The company’s core automotive and farm equipment businesses have grown into market leaders whose triple bottom line ethic is driving industry trends towards technological innovation, social responsibility, and constantly improving customer satisfaction.