M&M shares hit life-time high as XUV700 bookings balloon to 22 months
Updated: 28 Jun 2022, 04:17 PM IST
TL;DR.Robust consumer demand teamed with an ongoing shortage of chips has seen wait times for Mahindra & Mahindra Ltd.’s XUV700 sports utility vehicle balloon to as long as 22 months just as the carmaker unveils the latest model in its big-automobile lineup.
FILE PHOTO: FILE PHOTO: An employee walks past a Mahindra TUV300 car at a showroom in Mumbai, India, August 30, 2016. Picture taken August 30, 2016. REUTERS/Danish Siddiqui/File Photo