New Delhi: Auto major Mahindra & Mahindra has launched an entry level version of its popular SUV, XUV500 priced at Rs 10.95 lakh (ex-showroom, Delhi).
The new variant, W4 is powered by a a 2.2 litre diesel engine delivering power of 140 bhp, with a 6-speed transmission, the company said in a statement.
M&M executive director & president, automotive & farm equipment sectors Pawan Goenka said: "With over 74,000 vehicles on the road within two years of launch, the XUV500 is one of our most successful launches.
"As a customer centric organisation, we have incorporated customer feedback at every step and evolved and today's W4 model launch bears testimony to the same."
"The launch of the W4 model makes the XUV500 proposition accessible to more customers who aspire to be proud owners of XUV500, M&M chief executive, automotive division Pravin Shah said.
The existing XUV500 is available at a price range of Rs 12 lakh to Rs 14.64 lakh (ex-showroom Delhi).
"In spite of being an entry level model of the XUV500, the W4 model is technology laden and with this launch, we aim to attract sedan and compact SUV buyers who wish to upgrade to the XUV500," he added.
Prices for the Mahindra XUV500 (ex-showroom, Mumbai):
Mahindra XUV500 W4 - Rs 10.83 lakh
Mahindra XUV500 W6 - Rs 11.90 lakh
Mahindra XUV500 W8 FWD - Rs 13.49 lakh
Mahindra XUV500 W8 AWD - Rs 14.55 lakh.
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