Jan 08, 2014, 08.25 PM IST
Launched in September 2011, the XUV500 was designed entirely in-house at Mahindra's state-of-the-art research and development facility, Mahindra Research Valley, in Chennai.
Tags Mahindra and Mahindra, vehicle XUV500, SUV, Pravin Shah, 'W4' model
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M&M sells 75,000 units of XUV500 in 2 years
Launched in September 2011, the XUV500 was designed entirely in-house at Mahindra's state-of-the-art research and development facility, Mahindra Research Valley, in Chennai.
Like this story, share it with millions of investors on M3
M&M sells 75,000 units of XUV500 in 2 years
Launched in September 2011, the XUV500 was designed entirely in-house at Mahindra's state-of-the-art research and development facility, Mahindra Research Valley, in Chennai.
Mahindra & Mahindra is the top most player in the SUV segment in the country.
"We are overwhelmed by the enthusiastic response from customers to the XUV500 that has led to impressive sales of more than 75,000 vehicles in just over two years since its launch. This is a benchmark for sales among high-end SUVs," Mahindra & Mahindra Ltd's automotive division chief executive Pravin Shah said in a release.
Launched in September 2011, the XUV500 was designed entirely in-house at Mahindra's state-of-the-art research and development facility, Mahindra Research Valley, in Chennai.
Upbeat over the massive response to XUV500 from the customers, the auto maker recently launched the entry level 'W4' model, powered by the mHawk 140 bhp engine, of its high-end SUV at an attractive price of Rs 10.95 lakh (ex-showroom, Delhi).
M&M stock price
On January 08, 2014, Mahindra and Mahindra closed at Rs 907.30, up Rs 4.15, or 0.46 percent. The 52-week high of the share was Rs 1026.45 and the 52-week low was Rs 741.50.
The company's trailing 12-month (TTM) EPS was at Rs 59.31 per share as per the quarter ended September 2013. The stock's price-to-earnings (P/E) ratio was 15.3. The latest book value of the company is Rs 238.22 per share. At current value, the price-to-book value of the company is 3.81.
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