Mahindra launches entry level XUV500 priced at Rs 10.95lakh

Auto major Mahindra & Mahindra today launched an entry level version of its popular SUV, XUV500 priced at Rs 10.95 lakh (ex-showroom, Delhi). The new variant, W4 is powered by a a 2.2 litre diesel engine delivering power of 140 bhp, with a 6-speed transmission, the company said in a statement.

M&M Executive Director & President, Automotive & Farm Equipment Sectors Pawan Goenka said: "With over 74,000 vehicles on the road within two years of launch, the XUV500 is one of our most successful launches. "As a customer centric organisation, we have incorporated customer feedback at every step and evolved and today's W4 model launch bears testimony to the same."

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"The launch of the W4 model makes the XUV500 proposition accessible to more customers who aspire to be proud owners of XUV500, M&M Chief Executive, Automotive Division Pravin Shah said. The existing XUV500 is available at a price range of Rs 12 lakh to Rs 14.64 lakh (ex-showroom Delhi).

"In spite of being an entry level model of the XUV500, the W4 model is technology laden and with this launch, we aim to attract sedan & compact SUV buyers who wish to upgrade to the XUV500," he added.