Mahindra & Mahindra to hike production of Quanto, XUV500 and Rexton
14 January 2013
Mahindra & Mahindra (M&M) has hiked production capacities of Quanto, XUV500 and Rexton, some of its best selling brands, with immediate effect, following strong demand.
With an increase in capacity for these three products, M&M hopes to bring down the waiting period for these popular products. In addition, the bookings for these brands have been opened across more centres in India.
The capacity for the Quanto has been raised to 3,500 units, XUV500 to 4,500 units and the Rexton to 500 units per month.
''While we have been overwhelmed at the response from our customers to all the three products, which are at different price points, we thought it best to expand capacities so that prospective customers are not inconvenienced with long waiting periods," said Pravin Shah, chief executive of M&M's automotive division, in a statement.
"Being a customer-centric company, we have always wanted our products to be conveniently available to our customers with a minimum waiting period. In addition, with their launch across more centres in India, we are sure that that our products will continue to offer a unique value proposition for buyers,''
Mahindra's Quanto had over 12,000 bookings within the first two months of its launch while deliveries for the XUV500 are as per schedule.
The company's premium SUV, the SsangYong Rexton which has over 1,500 bookings across nine cities is now poised to be launched in additional cities starting this month.