27.85 (0.89%) Mahindra & Mahindra (M&M) has clocked almost one lakh bookings of its latest sports utility vehicle XUV700 besides billing the first 14,000 units of the vehicle by January, despite global supply chain issues. The dynamic supply chain issues continue to be a challenge in streamlining and ramping up production, it is doing its best and focusing on meeting its committed delivery timelines to customers. The company has delivered on its commitment of billing 14,000 SUV700 in less than 90 days.
The XUV700 has also been able to attract newer segments with many first-time buyers for the brand.
M&M is the flagship company of the Mahindra Group, a multinational conglomerate based in Mumbai, India. Amongst the various business interests of its parent group, the company is mainly involved in the automobile manufacturing. It is one of the leading auto companies of India.