The stronger response to the XUV500 in the 2nd phase of bookings has encouraged Mahindra & Mahindra to contemplate raising the stunning XUV500’s monthly production capacity to 5000 units per month.
The increased capacity should be installed by August & it will entail an additional investment of approximately Rs 100 crore. The initial installed capacity for the XUV500 was 3000 units in a month but with the current level of demand, that is clearly not enough. M&M has received over 25000 bookings in the 2nd booking window for the XUV500 across 19 cities.
Mahindra & Mahindra is also planning a new low cost SUV which the company hopes to launch by Diwali this year.
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