Mahindra & Mahindra Ltd.

BSE: 500520 | NSE: M&M
Large Cap | Automobiles - Passenger Cars
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Mahindra & Mahindra plans to double its SUV XUV 500 production

Date: 07-12-2011

In a bid to meet strong demand in the local market, Mahindra & Mahindra is planning to double the output of the XUV500 in phases over the next eight months.

Recently, the company announced that, it is likely to re-open bookings of its latest sports utility vehicle XUV500 from January 2012. The company had stopped taking new orders from customers since October 11 after it received over 8,000 bookings of the vehicle within just 10 days of launch.

The production for the XUV500 is as per schedule and the company is also in the process of ramping up production at its plant in Chakan, which will enable it to re-open bookings next month.