With an aim to first satisfy the domestic demand for its newly- launched sports utility vehicle XUV500 model, automobile major Mahindra and Mahindra (M&M) proposes postponing its export plans, said a company official Saturday. "The demand for the model is good even at this price point (Rs.10.8 lakh to Rs.11.95 lakh ex-showroom New Delhi). We have got bookings for 5,000 units within a week of its launch in five cities. The waiting period for the model is around 17 weeks now. Our capacity is to roll out 2,000 units per month. So we may have to postpone our export plans for the model further," Pawan Goenka, president, automotive and farm equipment sectors, told reporters here on the sidelines of the 16th Asia Pacific Automotive Engineering Conference. "We are looking at markets like Australia, Chile and neighbouring countries. Our plan is to ship the model out of India. Earlier we had planned to cater to these markets six months after the domestic launch. ...
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