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Mahindra XUV300 bookings cross 13,000 mark

Press Trust of India  |  New Delhi 

Utility vehicles & (M&M) Thursday said it has received over 13,000 bookings for its recently launched compact SUV XUV300.

Launched on February 14, the model has entered the top three in the (SUV) segment in its first month, M&M said in a statement.

Currently, compact SUVs account for 40 per cent of all SUV sales in the country and is also the fastest growing segment over the last five years.

"In a highly competitive segment such as the compact SUV, we have received over 13,000 bookings and in the very first month itself, we have entered into the top three," M&M said.

This is in-line with company's objective of achieving 15 to 20 per cent share of this segment and reaffirms the fact that the XUV300 proposition has resonated well with the customers, he added.

"What is also encouraging is that over 75 per cent of our bookings are for the top end variants of the XUV300," Nakra said.

300 is priced between Rs 7.90 lakh and Rs 11.99 lakh and comes with both petrol and diesel powertrains.

It competes with the likes of EcoSport from Ford, Vitara Brezza from and the from in the in the sub-4 meter SUV segment.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, March 14 2019. 16:50 IST