Mahindra XUV700 Demands Continue To Rise Despite Growing Waiting Period – New Delivery Dates Are For 2023
Mahindra XUV700 launched earlier this year on August 14, when pricing for some variants was revealed. Reservations opened on October 7. Within 3 hours of opening the reservation window, 50,000 people had booked the new Mahindra SUV. This was not only a new record for Mahindra, but also for the Indian passenger car industry. Never before has a car received such a response within a 3 hour booking window.
Mahindra XUV700 Timeouts
The huge demand is directly proportional to the long waiting periods. The greater the demand, the longer the wait. And in these times of global parts shortage facing the auto industry, the waiting period is magnified by much more margin.
Even customers who booked the XUV700 on Day 1 are getting the delivery date for the second half of 2022. What’s even more surprising is that demand is declining only to weaken. As the number of reservations for XUV700 continues to increase, the waiting period is also on the rise.
According to the Mahindra XUV700 owner group, many customers who booked the SUV recently are now receiving delivery dates of February 2023 / March 2023. Obviously, those who have booked are not at all happy with this type of period of time. ‘waiting. This is probably the first time that a 2023 delivery date has been given to those who book Mahindra XUV700.
The current Covid-19 pandemic has been relentless for the global auto industry which is under its effects. As things seem to calm down, another crisis has become the drag on the recovery of the auto sector. The shortage of semiconductor chips has affected global auto production in various segments.
This is now starting to weigh on the revenues of all the automakers affected by this semiconductor crisis. The top variant of the XUV700 has one of the highest numbers of these chips. Some of its features include electronic parking brake, hill hold, automatic air conditioning, large panoramic sunroof, multiple drive modes, ADAS, 6-way adjustable power seat, 18-inch alloy wheels diamond-cut, driver drowsiness alert system, built-in Alexa and much more.
The main competitors of the XUV700 include models such as Tata Harrier, Tata Safari, Hyundai Alcazar, MG Hector, MG Hector Plus and Jeep Compass. Thanks to the aggressive pricing of the XUV700, its competition also includes models like Hyundai Creta, Kia Seltos, MG Astor, VW Taigun and Skoda Kushaq. The SUV was launched at an initial introductory price of INR 11.99 lakhs – 19.79 lakhs. However, after the initial 25,000 reservations, the base price for the entry-level trim now stands at INR 12.49 lakhs.
Waiting period for other Mahindra cars
Speaking of demand, Mahindra has been riding in recent months a strong wave of demand led by the new generation Thar that was launched last year. The company currently has more than 39,000 pending orders for the compact off-roader, pushing the wait time to 10 months. XUV300 has over 10,000 reservations with a two month waiting period.
For Scorpio, the wait time is 45 days with pending orders of 6,000 orders. The company’s best-selling product, Bolero, still has more than 4,000 reservations to validate.