Goenka further said that the company is looking to expand the production of its sports utility vehicleXUV500 to about 5,000 units a month, but did not give a timeline. “By May, the output will touch 4,000 units a month from the current 3,000 units,” he added. In order to meet the domestic demand, the company has slowed down the launch of the vehicle outside India. “We were supposed to enter markets like Australia and are ready to launch XUV500 in many markets in terms of homolagations and regulations. But we have decided to slow down to meet the domestic demand,” he said.
The reports mentioned that at present, XUV500 is sold in South Africa and about 400 vehicles have been dispatched so far. Goenka said the company is, however, meeting the South African demand of about 100 units per month. M&M is currently gearing up to launchSsangYong’s SUV Rexton in India during Diwali this year. The vehicle will be assembled at the Chakan facility in Maharashtra.