With the launch of the All-New XUV700 company is planning to discontinue the sale and production of the Mahindra XUV500 model. However, this is not the end sources within the company tell us that soon company is planning to launch a small XUV500 model which will compete with KIA Seltos and Hyundai Creta.
The XUV700 is larger and better equipped compared to the current XUV500). Sources and spy images of XUV700 reveals that it is offering many segment-first features. Like ADAS, the Dual screen on the dashboard. Smart cruise control and many other features.
New XUV500 Repositioning
Unlike previous reports where Mahindra was planning to permanently stop using XUV500 SUV. New reports suggest that by early 2024 a new 5 seater model of New XUV500 is coming in a smaller size. This way the SUV will fit in KIA Seltos and Hyundai Creta segment.
The existing XUV500 is 4.6-Meter long and competes with Newly launched Tata Harrier, TATA Safari, MG hector plus and Hyundai ALCAZAR. But if we check Mid Size SUV segment then Mahindra doesn’t have anything which can compete with Seltos or Creta. Keeping this in mind Mahindra is working on a 5-seater XUV500 model. And is launching by the first half of 2024 and it is filling the gap between XUV300 and XUV700.
New XUV500 Engine, Price and Rivals
The New XUV500 SUV model will be 4.2 – 4.3 meter long and will be placed in the mid-size SUV segment. A segment that is already dominated by SUVs like Hyundai Creta and KIA Seltos. Still, despite getting an established time tested name the New XUV500 model is expected to be priced from 10 Lacs to 16 Lacs.
It will be powered by a revised version of the XUV300 1.5-Liter diesel engine. It will also get an all 1.5-litre turbo-petrol from the mStallion family, developing around 160hp.
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