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Mahindra to increase the price of XUV500

December 28, 2011, 06:40 PM IST by Rachit Hirani
Mahindra to increase the price of XUV500

 

Mahindra & Mahindra Ltd. announced that it would be raising the price of the XUV5OO from 1st January 2012 . This price rise has been necessitated as the launch price was an introductory invitation price and there has also been a considerable impact of increase in raw material costs and the rupee depreciation with respect to Dollar & Euro.

 

The quantum of approximate ex-showroom price increase for the respective models of the XUV5OO is as follows:

* W6 variant – By Rs 30,000/- for ex-showroom Delhi

* W8-FWD variant – By Rs 50,000/- for ex-showroom Delhi

* W8-AWD variant – By Rs 55,000/- for ex-showroom Delhi

However, as a special case, for all the current bookings, for which delivery has not been made and inspite of the terms of price applicable at the time of delivery, the increase would only be 50% of the actual price increase proposed as above. The production for the XUV5OO is as per schedule and the company is also in the process of further ramping up production at its plant in Chakan which will enable it to re-open bookings in January 2012.

Tags:Mahindra,Mahindra and Mahindra,Mahindra XUV500 price hike
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