Leading Indian automaker Mahindra & Mahindra Ltd today announced that the company has sold more than 1 lakh units of its cheetah-inspired XUV500 in less than 3 years of its launch in India.
Launched in September 2011, the XUV500 was designed entirely in-house at Mahindra?s research and development facility, Mahindra Research Valley (MRV) in Chennai.
Speaking on the XUV500 milestone, Pravin Shah, Chief Executive, Automotive Division & International Operations (AFS), Mahindra & Mahindra Ltd. said ?This achievement reaffirms the XUV500?s immense popularity as it rightfully claims the spot of being the only SUV, above Rs 10 lakh, to repeatedly establish new milestones ? be it the fastest to reach the 50,000 sales mark in January 2013 or the fastest to achieve the 1,00,000 sales mark now.?
XUV500 is priced between XUV500 Rs 10,79,673 and 13,85,001 (ex-showroom Delhi)