Homegorwn auto major Mahindra & Mahindra’s sports utility vehicle XUV500 has crossed the one lakh sales milestone, less than 3 years of its launch.
Launched in September 2011, the XUV500 was designed entirely in-house at Mahindra’s research and development facility, Mahindra Research Valley (MRV) in Chennai.
Speaking on the milestone, M&M Chief Executive, Automotive Division & International Operations (AFS) Pravin Shah said: “The XUV500 has reached a significant milestone of one lakh sales in just 35 months of its launch. This achievement reaffirms the XUV500’s immense popularity…”
He further said XUV500 is the only SUV, above Rs 10 lakh to repeatedly establish new milestones – be it the fastest to reach the 50,000 sales mark in January 2013 or the fastest to achieve the 1,00,000 sales mark now.
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Honda launches Mobilio in Rajasthan
Jaipur: Japanese car manufacturer Honda cars India today launched its mid-size 7 seater MPV Mobilio in Rajasthan market.
The vehicle will be available in both diesel and petrol variants.
Sporty RS variant will also be available in diesel and this variant will be in the market from September, a company official said here.
He said that the company has not set a target for the sale in the state and would be sold as per the demands.
The official informed that the company’s plant in Tapukada in Alwar which started commercial production in February this year would increase its output to meet the requirements following increase in the car sales.
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DPLI launches Smart Wealth+, a non-participating ULIP plan * Private insurer DHFL Pramerica Life Insurance (DPLI) today launched ‘Smart Wealth+’, a non-participating Unit Linked insurance plan that is designed to meet a customer’s dual need for wealth creation and protection.
“‘Smart Wealth+’ offers a host of benefits for customers. It allows them the option to enhance life cover, partially withdraw a portion of the fund value in case of emergencies, build a corpus to achieve planned milestones by riding on market performance, and also an option to safeguard fund value from market volatility before maturity of the policy,” DPLI Managing Director and CEO Anoop Pabby said.
Going forward, the company will continue to lay emphasis on introducing innovative products, he added.
The plan offers a choice of four market linked-funds for investment which addresses the wealth creation needs of customers with diverse risk appetites – from conservative to aggressive.