April 19, 2024 21:43 (IST)
Mahindra's cheetah-inspired XUV500 crosses 1 lac sales
Mumbai, July 31 (IBNS): SUV manufacturer Mahindra & Mahindra Ltd. (M&M), on Thursday announced that it has sold more than 1,00,000 units of its cheetah-inspired XUV500 in less than 3 years of its launch in India.
With this, the XUV500 has become the only Indian SUV above Rs. 10 lacs ex-showroom, to cross the 1,00,000 sales mark within just 34 months of its launch, claimed the company.
Launched in September 2011, the XUV500 was designed entirely in-house at Mahindra’s world class 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 is a proud moment for us, as our first global SUV, the XUV500 has reached a significant milestone of 1 lac sales in just 35 months of its launch. We would like to thank our customers for their support that has enabled the brand to grow from strength to strength. This achievement reaffirms the XUV500’s immense popularity as it rightfully claims the spot of being the only SUV, above Rs. 10 lac, 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.”
In its journey towards this milestone, the XUV500, won some of the toughest rallies including the Indian National Rally Championship (INRC) and Dakshin Dare in India and also powered its way across 8 countries in the ASEAN-India Car Rally. It remains one of the most awarded Car/SUV brands in the country. It also topped the TNS Total Customer Satisfaction Study in 2012.
With its cheetah-inspired, clutter breaking styling, world class safety and best in class features, the XUV500 was an instant hit in the Indian automobile industry.
Support Our Journalism
We cannot do without you.. your contribution supports unbiased journalism
IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.
Support objective journalism for a small contribution.
Latest Headlines
Jio Financial Services Q4FY24 net profit at Rs 310 cr; NII Rs 280 cr Fri, Apr 19 2024
Sensex jumps up 599 points ending losing streak for several sessions Fri, Apr 19 2024
Stock market opens in the red amid reports of Israeli retaliatory strikes against Iran Fri, Apr 19 2024
HDFC Life Q4FY24 net profit grows 14.8% YoY to Rs 411 cr Thu, Apr 18 2024
Infosys workforce declines by 25,994 in FY24 Thu, Apr 18 2024
UK's Vesuvius group to invest Rs 1,000 cr in India Thu, Apr 18 2024
Infosys Q4FY24 net profit jumps 30% YoY to Rs 7,969 cr Thu, Apr 18 2024
Indian bourses close in red amid uncertainty in West Asia; Sensex tanks 450pts, Nifty at 21,995 Thu, Apr 18 2024
Musk's Visit to India Can Be a Game-Changer for the Tech Landscape Thu, Apr 18 2024