Sunday, 29 April 2012

Automakers making India as global man. hub - Mahindra to start exports of XUV 5OO to Italy, Australia & Chile



Several Auto makers including Mahindra, Toyota, Ford, Nissan, Maruti and Hyundai are making India as a global automotive hub and considering it as a low cost manufacturing base to export the vehicles to other countries thereby making it a more feasible option and more revenue generating scheme.

The car makers have already started exporting their vehicles to several places majorly to South Africa and Australia. Mahindra & Mahindra too is gearing up to introduce XUV5OO to countries like Italy, Australia & Chile soon.

"We plan to go ahead with our international launches of XUV. Italy and Australia are planned shortly. These are vehicles adapted to the needs of these markets," M&M Chief Executive, International Operations (Automotive & Farm Equipment sectors), Ruzbeh Irani told.

Asked about the timeline for the launches, he didn't specify an exact date but said: "We are evaluating timing of launches in various markets - Chile and Australia are our priority. We will assess the overall capacity and domestic demand to decide on the launch timing."

He had also said the company will increase the output of XUV500 to 4,000 units by May from the earlier 3,000 units. Without specifying a timeline, he had also said the output would ultimately be taken up to about 5,000 units a month.

The company is in the process of delivering the bookings of 7,500 orders that were selected through a lottery following excessive demand. M&M already exports XUV5OO to South Africa.

Click here to view more stories on Mahindra XUV 5OO.

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