Come January 1, Mahindra’s flagship SUV, XUV 500 will dearer by atleast 30,000.
“The price rise has been necessitated as the launch price was an invitation price and there has also been a considerable impact of increase in raw material costs and the rupee depreciation with respect to the dollar and the euro,” the company said.
Some good news for those who have booked the XUV 500, as a special case, for all the current bookings, for which delivery has not been made, the increase would only be 50 percent of the actual price increase proposed.
The base model will be dearer by Rs 30,000, the four-wheel drive variant will cost as much as Rs 50,000 more and the higher W8-AWD model will be dearer by Rs 55,000. All the prices are with reference to ex-showroom, Delhi.
The SUV, priced Rs 10.8 to 11.95 lakh (ex-showroom, Delhi), was launched on September 29 and booking began on October 1. The demand has been so high that the company had to suspend booking till January from October 10. It has an order backlog of over 8,000 units.
Mahindra XUV 500 (pronounced as XUV five double O) is available in two-wheel drive option and four–wheel drive option. The XUV 500 is powered by a 2.2 litre mHawk transverse-engine which produces 140 PS and 330 NM of Torque.