The Mahindra XUV.e8 was first showcased in October 2022 in concept form. Now actively in the testing phase, we are getting an ever-clearer view of what the production version of the electric SUV could look like.
The XUV700 units will be inspected for a "potential risk of abrasion cut of wiring loom", whereas, XUV400 units will be under the scanner to check for "ineffective spring return action of the brake potentiometer", M&M said.
GST Council Meet 2023: GST cess has been increased from current 20% to 22% in MUVs that meet the length, engine criteria. Tax incidence on companies will increase by 2%.
The partnership, several analysts reckon, is a win-win proposition for both companies, would lead to faster electrification in India and support a rapid rollout of new EV products
The company has invested Rs 150 crore in developing the third generation of XUV 500--first launched in 2011, which comes with enhanced features like a smart watch connectivity and connected apps and eco-sense technology among others, Mahindra & Mahindra automotive sector president Rajan Wadhera said at the launch here.
Mahindra and Mahindra officials told CNBC-TV18 that they are looking at an export diversification move. They will also enter the markets of New Zealand in the coming few months, reports CNBAC-TV18‘s Ronojoy Banerjee.
Weak sentiments have impacted the company's SUV sales, says Pravin Shah of M&M. He is confident that the sales of XUV will not be impacted by the launch of Ford. He added that the markets of neighbouring countries, which account for 50 percent of the company's exports are going through a difficult time, impacting the company's business.
Arun Malhotra, chief sales & customer care officer, automotive division, M&M, says that the company saw 33 percent growth in passenger vehicle segment in January. However, growth has been muted in the commercial segment.
There is a cyclical slowdown in the tractor segment and the industry is only likely to sell as much as it sold a year ago, Pawan Goenka, president, automotive and farm equipment sector, Mahindra & Mahindra, said on Wednesday.
Vivek Nayer, senior vice president -marketing, automotive division at M&M spoke to CNBC-TV18 about sales numbers for the company and the expectations of dealers and customers.