Mahindra SUV order backlog stretches to over 2.81 lakh units
Mahindra has over 77,000 pending orders for the XUV700, with the waiting period for top variants being almost a year.
Mahindra has a massive order backlog of over 2.81 lakh units for its range of SUVs. This has led to longer waiting periods.
According to the company, the Scorpio-N and Scorpio Classic have the most orders. Together, both models account for over 1.17 lakh bookings.
Currently, Mahindra has over 77,000 pending orders for the XUV700, with the waiting period for top variants being almost a year. As per the company, around 8,000 cars are booked every month.
Mahindra receives over 10,000 bookings for the Thar every month. This has resulted in an order backlog of over 68,000 units. The waiting period for the Thar RWD is around 15 months, while the 4×4 variants have an average waiting period of 5 months.
The order backlog for the XUV300 and XUV400 is 11,000 units, while the Bolero and Bolero Neo models have around 8,400 open bookings.
Mahindra has been operating its assembly lines at nearly full capacity. The carmaker delivered over 1 lakh SUVs between April and July 2023. It plans to expand its production capacity to 49,000 units per month by Q4 FY2024.
Mahindra receives about 48,000 new bookings, with 33,000 billings every month. Less than 8% of the orders are cancelled every month.
Source: HT Auto
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