Mahindras to export XUV5OO to Latin America by Sept, eye Africa
BY PTI15 Jan 2013 1:06 AM GMT
PTI15 Jan 2013 1:06 AM GMT
Auto major Mahindra & Mahindra on Monday said it will start export of its sports utility vehicle XUV5OO to Latin America by September this year, besides expanding its base in Africa.
The company has also ramped up production capacities of XUV5OO, compact SUV Quanto and its subsidiary SsangYong's Rexton from this month to reduce waiting periods.
'We have started exporting of XUV5OO to Europe from last month. We are in the process of expanding the global presence of the vehicle and will start exports to Latin America during the first half of next fiscal,' Mahindra & Mahindra (M&M) Chief Executive (Automotive Division) Pravin Shah said.
Besides, the company will also expand its reach to other African countries apart from South Africa, where it currently sells XUV5OO, he added. 'To meet domestic demand and expand our exports, we are increasing the monthly production capacity of XUV5OO to 5,000 units from this month,' Shah said.
The company has been gradually ramping up the capacity of XUV5OO, which at present has a waiting period of 2-6 weeks, from around 4,000 units since June last year.
The company has also ramped up production capacities of XUV5OO, compact SUV Quanto and its subsidiary SsangYong's Rexton from this month to reduce waiting periods.
'We have started exporting of XUV5OO to Europe from last month. We are in the process of expanding the global presence of the vehicle and will start exports to Latin America during the first half of next fiscal,' Mahindra & Mahindra (M&M) Chief Executive (Automotive Division) Pravin Shah said.
Besides, the company will also expand its reach to other African countries apart from South Africa, where it currently sells XUV5OO, he added. 'To meet domestic demand and expand our exports, we are increasing the monthly production capacity of XUV5OO to 5,000 units from this month,' Shah said.
The company has been gradually ramping up the capacity of XUV5OO, which at present has a waiting period of 2-6 weeks, from around 4,000 units since June last year.
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