| || ||Thread Tools||Search this Thread|
|27th August 2012, 15:42||#1|
Join Date: Jun 2012
Thanked: 201 Times
Mahindra to up exports; start with XUV500 to Europe
Having seen steady growth domestically in recent months, Mahindra & Mahindra is now looking to step up its export activities as well.
Mahindra has been steadily chipping away Tata Motors’ lead in terms of sales in the past quarter. Mahindra ultimately caught up, outselling Tata Motors in June 2012. Its success was largely attributed to its flourishing Utility Vehicle portfolio.
XUV500 to Europe
The latest product from this UV portfolio, the XUV500, is all set to be exported to Europe from September 2012. In addition, there are also plans to export this SUV to Central and South America by the end of the fiscal year.
The XUV500 is already being exported to countries like Australia and South Africa. The model has been successful in India since its launch in September 2011. It has already sold 22,544 units in 2012. High demand had delayed export plans for the SUV, prompting Mahindra to increase its production capacity from 4,000 to 5,000 units per month by October.
Export and expansion
Mahindra is India’s largest SUV maker by sales and currently exports models like the Scorpio and Bolero to countries like South Africa, Egypt & Australia. In its quest for global expansion, Mahindra acquired Korean car maker SsangYong Motors and moved unsuccessfully to acquire bankrupt Swedish car maker Saab in 2011. Russia is set to be its next big export destination where its subsidiary Ssangyong already assembles and sells SUVs.
Mahindra XUV500 review (Mahindra XUV500 : Test Drive & Review)
|Thread Tools||Search this Thread|
|Thread||Thread Starter||Forum||Replies||Last Post|
|Mahindra to begin 2-wheeler exports to Sri Lanka||DukeNukem||Motorbikes||1||3rd September 2012 20:10|
|Received a copy of the Coffee Table book on the Mahindra XUV500 from Mahindra Corp.||shankar.balan||Shifting gears||3||2nd April 2012 16:26|
|Cold start vs warm start, is there a difference?||Shan2nu||Technical Stuff||6||18th May 2010 18:32|
|Fiat 500 to have start-stop technology in Europe||clevermax||Technical Stuff||11||11th January 2010 13:02|