M&M to increase XUV500 production to 5,000 units

In a bid to meet the increased demand for its sports utility vehicle (SUV) XUV500, Mahindra & Mahindra (M&M) is planning to increase the monthly output of the same to 5,000 units by September-October this year.

The company is gradually increasing the production of its SUV and it has touched 4,000 units a month so far. The bookings have been re-opened for XUV500 from this month and the SUV will be made available across the country, including the 19 cities where it had been launched earlier.

Post launching XUV500 on September 29, 2011, the new booking had been suspended temporarily in October as four months production of over 8,000 units was sold out within just 10 days. Earlier, the vehicle was available only in five cities of Mumbai, Delhi, Bangalore, Chennai, and Pune.

In the April-May period this fiscal, the company sold a total of 79,237 units against 62,508 units in same period last fiscal, up 26.84%.

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.