Mahindra & Mahindra Ltd on Saturday said it would postpone the launch of sports utility vehicle XUV 500 in the overseas markets, given the current demand for the model in the domestic market.
According to Dr Pawan Goenka, President, Automotive and Farm Equipment Sectors, Mahindra and Mahindra, XUV 500 has received 5,000 bookings in one week after launch in five cities. “The waiting period for the car is currently 17 weeks.”
This has prompted the company to increase production capacity at the Chakan plant. “Earlier, we had planned a production capacity of 2,000 units a month. Now, we are looking at ramping up rapidly,” said Dr Goenka on the sidelines of Asia Pacific Automotive Engineering Conference 16 organised by the Society of Automobile Engineers.