Mahindra launches automatic version of XUV500
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Mumbai: Mahindra and Mahindra Ltd on Wednesday launched an automatic version of its sports utility vehicle XUV500. Priced at Rs.15.36 lakh (ex-showroom, Navi Mumbai), the new variant comes with a six-speed automatic gear box and is available in an all-wheel drive version, the company said in a statement. It has sourced the automatic transmission unit from AISIN, Japan.
With the automatic version, the company hopes to further consolidate its position in the premium SUV market, said Pravin Shah, chief executive and president at Mahindra and Mahindra.
Mahindra launched the XUV500 in September 2011 and has sold 150,000 units in the domestic and export markets.
The company has embarked on aggressive model launches since the beginning of this fiscal as part of a plan to recover the ground it has lost in the competitive SUV market.
It launched the TUV 300, a rugged and compact SUV in September and would be launching an all-new compact SUV by the end of 2015-16.
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