Mahindra order backlog reduced to 2.26 lakh units

The average waiting period for the XUV700 is now down to 2-3 months.

Mahindra has managed to reduce the order backlog significantly. The carmaker has 2.26 lakh open orders for its SUVs as of February 1, 2024, down from over 2.86 lakh at the end of October last year.

Mahindra has ramped up production to clear the pending orders. The carmaker is producing around 49,000 units per month, which has reduced the waiting period for some models.

The order backlog for the XUV700 has reduced by 50% from 70,000 open orders to just 35,000. The company claims that the average waiting period for the SUV is now down to 2-3 months. It receives around 7,000 new bookings for the XUV700 every month.

The Scorpio and Thar account for over 75% of the order backlog. The pending orders for the Scorpio N and Scorpio Classic stand at over 1.01 lakh, with the waiting period for the Scorpio N at around 8-9 months.

Around 71,000 Thars are yet to be delivered. The model also has the highest waiting period, with the Thar RWD commanding a one-year waiting period.

Mahindra has over 10,000 pending orders for the Bolero and 8,000 open bookings for the XUV300 and XUV400.

According to the company, booking cancellations increased to around 10% between November 2023 and January 2024. Cancellations were down to less than 8% in January 2024.