Asia Bizz: Indian auto giant Mahindra has started accepting the bookings for its popular XUV500 from its SUV segment in the Indian market. The bookings of the SUV were stalled in the month of October 2011 as the company received more than 8000 bookings in just ten days.
The bookings will start from January 25, 2012 to February 3, 2012 and depending on the number of bookings, the Indian company will decide the further course of action. The production of the new XUV 500 has been put on hold for a while as the company is busy clearing up the pending orders.
Mahindra previously announced a price hike by up to Rs. 55,000 for the new SUV, which was effective from January 1, 2012. At the time of the launch, the company offered introductory prices and it also hinted that the prices can be revised later with the demand.
The price of the base model of the XUV 500 has been increased by Rs.30,000 while the W8 model costs Rs. 50,000 more. The top end model of the SUV cost Rs. 55,000 more compared to the earlier prices. At the time of bookings, the customers have to pay Rs. 80,000 in the current phase. The bookings have been opened in the cities including, Hyderabad, Chennai, Kolkata, Nagpur, Nashik and Mumbai.
