Mahindra XUV700 currently sells somewhere between Rs 13.45 lakh and Rs 25.48 lakh as a result of the premium increase.
Mahindra XUV700 is the leading rival in the mid-size SUV market with revenues of 65,371 vehicles until CY 2022. It has an industry position of 45.98% and has total sales that were approximately twice as high as its nearest rival, Tata Harrier, during the last year. Even though assembly lines are operating at maximum efficiency, processing times for some versions might be up to 10 months due to the tremendous request.
In January 2023, Mahindra also enacted a price increase of Rs 1 lakh for the Scorpio. The base petrol model of the Mahindra Scorpio N currently costs Rs. 12.74 lakh, and the highest-specified diesel trim costs Rs. 24.05.
The XUV700 from Mahindra was introduced in August 2021. The cost of goods had tripled in the previous year. Now that 2023 has begun, the business has announced a new price increase for the XUV700. In Jan 2023. According to the version, the value increase ranges from 1.45 to 2.93 percent, or a minimum of Rs 32,000 to Rs 64,000. Beginning with the entry-level petrol models, neither the diesel-only MX MT 5 seater nor the basic petrol XUV700 MX MT get a price increase. Both of these variants are still priced at Rs. 13.45 lakh and Rs. 13.96 lakh.
Mahindra XUV700 internal combustion engines models are now priced between Rs 16.39 lakh and Rs 25.48 lakh as a result of the revised inflation rate. The basic AX3 MT 5 seater’s value has increased from its previous value of Rs 16 lakh by Rs 39,000, or 2.44 %, to Rs 16.39 lakh. The AX3 MT 7 seater’s value was also raised by Rs 40,000, to Rs 17.20 lakh. AX3 AT 5 is now priced at Rs. 18.33 lakh, up from Rs. 17.91 lakh. Mahindra XUV700 AX5 AT 7-seater and MT 7-seater version prices have increased by 45,000 and 32,000 rupees, correspondingly, to Rs 20.29 lakh and Rs 20.59 lakh and Rs 22.32 lakh for the AX7 MT 7-seater L, including both.