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Mahindra to discontinue XUV500 after launch of XUV700 next year
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Experts say it s more to do with alerting the potential customer that there is another model in the same segment to be launched soon. It s a strategy to tell the customer to weigh choices before making a buying decision, said a dealer who did not wish to be quoted.
Agencies
The XUV500 was a runaway success when it was launched a decade back . Offlate sales have been averaging at around 1500 - 1700 units a month.
Mahindra & Mahindra will stop production of the XUV500, with the launch of the XUV700. Interestingly the UV major unveiled the brand name of its much-awaited SUV, built on the W601 platform, as the XUV700, on the day Hyundai showcased the Alcazar, it s seven seater SUV.