Mahindra XUV700 price reduced; AX3 and AX5 variants price reduced, now starting at Rs 13.99 lakh
Mahindra has cut the prices of several variants of its XUV700, which comes in the mid-size SUV segment. These variants include AX5 and AX3. Which includes both its petrol and diesel options. In July, the company reduced the prices of its AX7 and AX7 L variants. Let us know how much the prices have been reduced.
After the price cut on the top-spec AX7 and AX7 L variants of Mahindra XUV700 in July 2024, Mahindra decided to reduce the prices of the AX5 and AX3 earlier this month. Just a month ago, it axed the prices of the top-spec variants of this car by up to Rs 2.20 lakh. Let us know to what extent it cut prices this time.
The reason for reducing the XUV700 price is to boost the sales of the SUV. XUV700 is already a bestseller for Mahindra, and with the price falling further, the SUV's sales might see an even bigger rise. In the same vein, looking at its sales figures for July 2024, then according to that, the XUV700 has registered a growth of 25.79 percent year-on-year. Not only this, the SUV contributed more than 18% to the company's total sales in July.
Speaking about the mid-size category of SUVs, the XUV700 continues to be one of the favorite options for the public. It sold 7,769 units in July and took second place. It captured 28.29% of the market. The XUV700 was far ahead in sales of vehicles like Tata Safari, Harrier, MG Hector, and Hyundai Alcazar.
