Mahindra & Mahindra unveils its XUV500 in a bid to expand its commanding 60.5% share of India’s SUV market. The auto maker invested Rs6.5 billion ($111 million) in developing what it calls a new category in the premium-SUV segment, both in terms of features and price. “All research and development activities for the XUV were aligned with global standards of quality, technology, testing norms, regulations and emissions from the very start,” says Rajan Wadhera, chief ...

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