Bookings for the Mahindra XUV300 grew 90 per cent between October 2020 and March 2021. During this period the company saw an average of over 6000 bookings for the XUV300 per month, which currently has a waiting period of over 12 weeks.
Mahindra and Mahindra announced its financial results today and along with it, also gave us an insight into its future plans, particularly the automotive business. The company announced that it plans to launch eight new cars in India by the end of 2026.
The Thar has been a strong seller from the company ever it was launched in October and in just 8 months, it has managed to garner a lot of bookings in its favour.
The growth in the auto business is primarily attributed to a strong quarterly performance where the sales of SUVs went up by 18 per cent at 1,06,333 units as compared to 90,481 units sold in the same quarter last year.
Skoda Auto India has become the newest automaker to offer extensions on warranty and maintenance services to its customer. The carmaker has announced that it will be extending the validity of the aforementioned services to support its customers during the ongoing lockdown.
Ford India has halted production at its Tamil Nadu plant for two days. The company has announced 'no production days' on May 28 and 29 following a demand from a section of workers to suspend operations at the Maraimalai Nagar facility, near Chennai.
SberAutoTech, a subsidiary of Russia's largest lender Sberbank, has developed a fully self-driving vehicle, FLIP, which the company on Thursday described as a "taxi of the future".
