Mahindra plans to reopen the bookings of its recently launched XUV500 from January 2012.Within 10 days of its launch,XUV500 had received 8000 bookings and hence the company stopped its bookings since October 11.
The company stated that it is in the process of ramping up the production of the SUV,but did not share further details as it would reopen bookings of its XUV500 in January 2012.It added that the production for the XUV500 is as per schedule and the company is also in the process of ramping up production at its plant in Chakan,which will enable it to reopen bookings next month.
M&M further had sold out four months’ production of the XUV500 and expects to complete the deliveries by January 2012.It is expected that Mahindra may increase the price tag of XUV500 due to its huge demand.