Mahindra XUV700 price hikes up to Rs 78,000

English News 17 Apr 2022 17

Price hikes of up to Rs 71,000 have been implemented for petrol-powered variants of the Mahindra XUV700, while price increases of up to Rs 78,000 have been implemented for diesel-powered versions of the SUV...

Mahindra & Mahindra Ltd, one of India's largest home-grown automobile manufacturers, has announced Rs 78,000 increase on its XUV700 line-up. This will result in a rise in ex-showroom pricing ranging from Rs 13.18 lakh to Rs 24.58 lakh. The Mahindra XUV700 is one of the most popular SUVs in India, with a waiting list of up to 21 months.

An increase in the cost of raw materials like steel and aluminium as well as palladium is to blame for the present surge in pricing. Price changes will take effect on April 14, 2022. More than 6,040 XUV700s were sold in March 2022, a 46% increase over the previous month's total of 4,138 units sold. In addition, the XUV700 has a long waiting time.

 Petrol-powered versions of the Mahindra XUV700 have had their costs rise by as much as Rs 71,000, while diesel models have seen their prices rise by as much as Rs 78,000. The Mahindra XUV700 MT Petrol MX trim's pricing has risen from Rs 12.96 lakh to Rs 13.18 lakh (ex-showroom) in the latest price list.

read more at Zee News

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