December 29, 2011

Mahindra to raise prices of XUV5OO

Mahindra & Mahindra Ltd. (M&M), a part of the US$ 14.4 billion Mahindra Group, announced that it would be raising the price of the XUV5OO from January 1, 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 per cent 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.


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