Mahindra has announced price hike of its recently launched SUV,XUV500.The price hike will be from January 2012 and it will be in the range from Rs.30,000 to 55,000.
Regarding this,M&M says,”The prices have to be increased as they were ‘introductory invitation price’ and there has also been a considerable impact of increase in raw material costs and the rupee depreciation with respect to dollar and euro.”
Hence from January,the base W6 variant of XUV500 will be Rs.30,000 more from the current rate.Similarly,the W8 2WD and the W8 4WD variants will be Rs.50,000 and Rs.55,000 more respectively.For the current bookings which are not delivered,the increase would be just 50 percent of the announced price hike.