Mahindra XUV 300 : In a big development that will make premium SUVs accessible to many more Indians, Mahindra has played the ‘my SUV is within reach’ card with its XUV 300, pegging it as a temptation for those on more modest salaries.
Whether it is the young or the old, male or female, Tech-savvy or a technology amateur, navigation professional or even an amateurish learner, everybody gets hooked on to their device one way or another.”
Available at a starting price of just ₹7.99 lakh for entry-level W2 petrol version, this compact SUV is now set to extend the premium luxury of SUV ownership to a more wide section of car buyers, who always considered ownership of such vehicles, beyond their means.
No-frills entry point budget-wise plan that still doesn’t skimp on inclusions.
Knowing this, Mahindra has brought in the petrol W2 at ₹7.99lakh it’s mouth-watering value for money in consideration of an option to entering the compact SUV category.
This price band places the XUV 300 within the financial planning of a whole lot of government officials, fresh professionals and little business travelers who were only capable of looking at hatchbacks or perhaps basic sedans.
Nor is the affordability delivered at the cost of the vehicle’s essential self. And despite all this, at this price point, buyers get the imposing road presence, high seating position, and overall robust build quality that has made the XUV 300 a revered nameplate in the Indian automotive space.
The base model keeps the vehicle’s iconic features such as the unique front grille, aggressive profile and the overall well proportioned dimensions that give it an up-market look against its cost.
Buyers with a little more margin to their budget can opt for the W4 at about ₹9.29 lakh, which brings certain extras that add to the ownership experience without making a deep dent in the affordability part.
This staggered offering gives customers the flexibility to choose a variant at the price which is in line with their financial liquidity whilst still getting the “Mahindra” experience.
The tiered offering ranges from customers having complete and easy access to the premium luxury iconic true-blue “Mahindra Roader” the All New Premium Thar or the Adventure&rural friendly Bolero etc Going forward, we have the all powerful Bolero which is bestowed with the trusted m_HAWK engines and will be provided in BS IV and BS VI as well.
Mahindra XUV 300 Financing Available to Lower-Income Buyers
Considering the fact that outright purchase is not possible for some of the prospective buyers, Mahindra has tied up with several financial institutions to offer custom-design loan packages, thus cutting the cost for the XUV 300 further. Such financing solutions will typically include:
More 7-8 years loan, reducing the EMI_IRQnAPolynomial: What we need more of Longer tenures of 7-8 years which would decrease the EMI.
Special interest rates for govt employees, teachers, defence personnel
Step-up EMI Features in which EMI begins from a lower value and increases progressively in line with the expected increase in income.
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With such finance schemes, the XUV 300 also suddenly becomes “affordable” even for enthusiasts with around ₹30,000-40,000 monthly salary, without having to stretch much.wijCoverArt-1612084528242477009523
The EMI for the base model can be tweaked to be in the ₹12,000-15,000 range per month (it varies according to the downpayment and loan duration) and that puts it smack dab in the middle of what you will pay for something like a premium hatchback.
What’s more, Mahindra also has value deals as part of its periodic offers calendar, where the vehicle can be had with zero down payment, processing fee waivers or exchange bonuses for existing vehicle owners – all of which make for an excellent combination of value for money for budget-minded car buyers, at that point in time.
Mahindra XUV 300 Value for Money Proprietorship Experience
The price you pay for the car is just part of what a vehicle costs. This is where the XUV 300 holds it fort with being one of lower overall cost of ownership and these are some areas that lower-earning customers love:
Mileage: The gasoline-powered turbocharged motor, which has a capacity of 1.2-litre, returns a claimed fuel economy of 18.24kmpl, while the diesel model can be had with 20.1kmpl. That efficiency results in huge savings at the gas pump for those who drive a lot.
Maintenance Costs: Mahindra has large service network, hence service costs are competitive, regular scheduled service usually costs around ₹3,500-5,000, mahindra scorpio service cost is low.
The company also sold service package that will enable owners to pay for maintenance at a discounted fee, and in return it will offer some level of predictability for the cost of ownership.
Insurance discount: The XUV 300’s strong safety ratings (It has been accorded with 5-star Global NCAP) can affect insurance discounts over the years.
A first-time customer will have to pay a higher initial premium but this may decrease with the years you don’t make a claim, so long-term cost of ownership becomes more affordable for him.
Resale Value: This is where Mahindra vehicles excel and have for decades with a very strong resale value in India and their SUV products.
This residual value protection would extend to owners, who can sell or trade for one of the new high-torque tractors and recover a reasonable portion of the money they’ve invested, based on a more favorable total cost of ownership calculation.
Mahindra XUV 300 Goods quality experience in all price level.
And, even though affordability is the XUV 300’s key differentiator for those in lower income brackets, it doesn’t feel like a poor man’s vehicle in terms of features or performance. The most inexpensive ones are still ripe for a nice ownership experience:
The W2 base trim offers the bare necessities such as power steering, power windows, and a spacey cabin for five grown-ups to sit in comfortably with plenty of leg and head room.
Safety is also not amiss and all versions get a dual airbags, ABS with EBD and discs all-round, a very rare combination in this price band.
As you go up the variant pyramid as per your budget flexibility, you get access to more premium features such as a touchscreen infotainment, sunroof, automatic climate control, and more safety features like side and curtain airbags.
This well-measured spread of features means that buyers at every price point receive a vehicle that delivers on the essential SUV promise while also offering level-appropriate creature comforts.
Mahindra XUV 300 Performance That Goes Beyond Its Price TAG
The XUV 300’s dynamics only aid in supporting its economical versus practical bid. The car comes with two powertrain options:
1.2-litre turbocharged petrol: It may be a small engine, but the 108.6bhp / 200Nm have enough eagerness in traffic or on the highway. The turbo guarantees a good mid-range response and you can daily drive this without drinking fuel for a meal.
1.5-liter diesel: This engine makes 115 bhp and class best torque of 300 Nm, and is for those who do a lot of highway mileage regularly. And while those monstrous torque numbers offer up a pass-happy personality and layback, lunge-free highway cruising they also deliver up impressive fuel economy.
Both the engines will come mated to a slick-shifting 6-speed manual gearbox as standard while for the convenience of two-pedal buyers, there’ll also be a 6-speed AMT on offer.
And the XUV 300 drives as good as it looks – stiff suspension offers a great balance between ride comfort and handling poise. It also gets 180mm of ground clearance, which should come in handy while negotiating broken roads, an important factor for customers in emerging markets.
Mahindra XUV 300 Verdict: SUV Democracy for All Fans of Premium SUVs
Suyash Desai, general manager, marketing – automotive division, Mahindra & Mahindra, suggests to Patanjali that the XUV303, with its well-positioned versions (beginning at ₹7.99 lakh), is a significant step when it comes to democratisation of premium SUV ownership for aspiring India.
With attractive pricing, flexible finance options, affordable ownership prospects and a feature list that doesn`t feel too watered down, Mahindra has managed to bring the SUV experience within reach of even those with lower incomes to allow them to live this dream experience, which until now was accessible only to those from a higher strata.
Now, for a lot of those first time SUV buyers who have modest income, the XUV 300 is the perfect halfway house – it gets you that raised seating position, that SUV stance and that ‘can do’ attitude of the SUV genre without really having to stretch so much to go for the bigger and more expensive SUVs.
Taking the SUV buying experience of this kind of democratization has more to do with the changing automotive landscape of India, a place where the kind of vehicle you buy says less about your need for personal transportation and more about how aspirational you can be when it comes to your lifestyle.
If suppliers continue to exploit this market opportunity, expect increasingly more attractive value propositions for the budget-minded shopper.
However, for the moment the XUV 300 remains an alluring choice for those seeking to enter the SUV segment without digging too deep into their pockets.
Frequently Asked Questions
What is the initial cost of Mahindra XUV 300?
Mahindra XUV 300’s price in India begins from ₹7.99 lakh (ex-showroom) for the entry-level W2 petrol model, thus making it one of the most affordable cars in the compact SUV segment in India. This low-base pricing is designed to make the SUV affordable for those on tighter budgets.
How much I need to earn a one month to buy XUV 300?
And with the customized finance options available, people earning ₹30,000-40,000 per month can easily accommodate the EMIs of the base variant of the XUV 300.
Your monthly EMI will easily vary between ₹12,000-15,000 depending on the loan tenure and down payment.
What are good financing options for low income purchasers?
Mahindra, in association with other financial institutions, has multiple buyer-friendly finance schemes in place – extended tenure loans, etc (7-8 years), special interest rates for select profession, step-up EMI structures and even balloon payment options. These options make the monthly payments more affordable for cost-conscious consumers.
What is the fuel economy of the XUV 300?
The petrol derivative of the XUV 300 gives out an ARAI-rated fuel efficiency of 18.24 kmpl, the diesel derivative takes that figure up to a significantly more alluring 20.1 kmpl.
This degree offuel economy helps to keep running costs will be dramatically reduced, and you will get a vehicle that is much cheaper to run on an everydaybasis.
What are some key things available in the base?
But the base W2 model also has power steering, power windows, dual bags and ABS with EBD along with disc brakes on all four wheels.
The interior is also very spacious to cater 5 adult passengers with decent amount of legroom and headroom that would suerly keep the customer happy despire of being in the value for money segment.
