Mahindra XUV700 Waiting Period Extends to 19 Months
Image Source: Mahindra
The Mahindra XUV700 was introduced to the public on August 14th of this year, when the prices of certain models were released. Bookings became available on the 7th of October. Within three hours of the booking window opening, more than 50,000 customers had reserved the new Mahindra XUV 700 SUV for delivery.
Not only was this a new record for Mahindra, but it was also a first for the Indian passenger vehicle sector. Never before had a car received such a prompt response inside a three-hour booking window as this.
As we earlier said in our article that “Mahindra XUV 700 outsold the Scorpio, Thar, Alturas G4, and Marazzo” and the craziness we can see through the waiting period.
The greater the demand, the longer the waiting period. And, given the global parts shortage that the auto industry is currently experiencing, the waiting period of the Mahindra XUV 700 is lengthened by a significant margin.
Further, Even consumers who placed their orders for the XUV700 on the first day will receive a delivery date in the second quarter of 2022. What's perhaps more shocking is that the demand begins to wane and eventually dies. The waiting period for the Mahindra XUV700 is increasing as the number of reservations for the vehicle continues to climb.
According to the Mahindra XUV700 owners organization, many consumers who have just placed orders for the SUV are now receiving delivery dates in May 2023. Obviously, individuals who made reservations are dissatisfied with the length of time they must wait.
Mahindra determines delivery dates using a specially built algorithm that takes into consideration factors such as the date of booking, the color of the car, the version, the availability of parts, and so on. Delivery does not take place on a first-come, first-served basis.
The ongoing Covid-19 pandemic has been unrelenting in its repercussions on the worldwide automobile sector, which is currently reeling from its consequences. As things appear to be settling down, another crisis has emerged, posing a significant impediment to the rehabilitation of the automobile industry.
The scarcity of semiconductor chips has had an impact on the global production of automobiles across a wide range of segments. And it also impacted the Mahindra, That’s why The XUV7OO AX7 Smart is expected to cost roughly ₹80,000 less which causes the model will be lacking some amenities.
The Scarcity of Semiconductor chips is now beginning to have an impact on the revenue of all vehicle firms that have been impacted by the semiconductor problem. Well to resolve the issue Government of India has allocated Rs. 76000 crores for the semiconductor manufacturers under PLI Scheme.
The top-of-the-line Mahindra XUV700 model contains one of the greatest concentrations of these chips. Features such as an electronic parking brake and hill hold as well as several drive modes and advanced driver assistance systems (ADAS) such as a 6-way adjustable powered seat and 18-inch diamond-cut alloy wheels as well as a built-in Alexa are among those available.
Other vehicles that are direct competitors of the Mahindra XUV700 include the Tata Harrier and the Tata Safari; the Hyundai Alcazar; the MG Hector; the MG Hector Plus; and the Jeep Compass.
Because of the XUV700's competitive cost, it will face competition from vehicles such as the Hyundai Creta, Kia Seltos, MG Astor, Volkswagen Taigun, and Skoda Kushaq, among others.
The introductory price of Mahindra XUV700 starts from INR 11.99 lakhs – 19.79 lakhs, which was higher than the previous model. However, following the initial 25K bookings, the base price of the entry-level trim has been reduced to INR 12.49 lakhs from INR 14.49 lakhs.
Recent months have seen Mahindra riding a strong wave of demand propelled by the introduction of the new generation Thar, which was introduced last year. In the current market, the tiny off-roader is expected to get around 39,000 new orders, which will extend the waiting period to a total of 10 months.
The Mahindra XUV300 has received over 10,000 reservations, with a two-month waiting list. Scorpio has a 45-day waiting period for orders that are expected to be placed in the next 6,000 days. Bolero, the company's best-selling product, has almost 4,000 reservations that have not yet been fulfilled.