BQ Prime’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Prabhudas Lilladher Report
Mahindra and Mahindra Ltd. unveiled first electric sports utility vehicle – XUV400, based on its XUV300 subcompact SUV. With this launch, M&M has notched up the competition in the affordable e-SUV segment in India, which is currently ruled by Tata Nexon EV (Tata recorded 87% EV market share in FY22).
XUV400 comes with a battery pack of 39.4 kWh, similar to Nexon EV Max’s 40.5 kWh. However, compared to 437 km range in a single charge from a slightly bigger battery pack in Nexon EV Max, XUV400’s battery offers a longer range of 456km – owing to better technology.
M&M believes, there remains a vast electric opportunity in the C-segment (4-4.5 million), contrasting to Tata Nexon EV’s presence in the B-segment (3.85-4 million, Nexon EV has 3.5% share in this segment).
We expect XUV400 to come with a price tag of Rs 18-20 lakhs, similar to its competition Nexon EV Max. Price announcement, bookings are expected in January 2023, deliveries will commence from end of Jan-23.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
As a Subscriber you get
Stories
RECOMMENDED FOR YOU
POPULAR