India, May 21 -- Mahindra & Mahindra, which recently announced that its current open bookings in May stood at about 2.2 lakh units, has reduced the backlog for XUV700 significantly. The homegrown automaker has reduced the booking backlog for the Mahindra XUV700 SUV from 35,000 bookings in February this year to 16,000 units in May 2024, recording a reduction of 54 per cent. This happened as the automaker increased the production volume of the SUV at its manufacturing facility.

Interestingly, at the same time, Mahindra received 48,000 new bookings each month during the same period, while the OEM delivered approximately 42,000 units of cars to customers. Owing to the longer waiting period, about 10 per cent of customers who booked the vehic...