Mahindra & Mahindra, the largest utility vehicle maker in the Indian auto market, is expected to delay the plans of exporting the all new XUV500 to the overseas markets. The decision could be taken considering the huge demand for the car in the domestic market, where more than 5,000 units of the SUV have been booked in the initial week of its launch in the country.
The company aims to fulfill the demand of all new Mahindra XUV500 in the domestic market before dispatching it to any overseas market, said a senior company official on Sunday. While the earlier plans of the company was to launch the new SUV in overseas markets after six months of its launch in India, the launch of SUV in other countries could now be delayed further.
Speaking to the reporters, on the sidelines of 16th Asia Pacific Automotive Engineering Conference, Pawan Goenka, president, Automotive and Farm equipment sector, said, "The demand for the model is good even at this price point (Rs.10.8 lakh to Rs.11.95 lakh ex-showroom New Delhi). We have got bookings for 5,000 units within a week of its launch in five cities. The waiting period for the model is around 17 weeks now. Our capacity is to roll out 2,000 units per month. So we may have to postpone our export plans for the model further."
The company is looking forward to export the XUV500 to the markets like Australia, Chile and other neighboring markets.
