Ever since the Mahindra Scorpion-N was launched in the Indian car market, the ladder-running SUV has been scaling new heights with each passing day. The first proof of the Scorpio-N’s massive popularity came when it recorded nearly one lakh bookings in just 30 minutes after Mahindra started accepting bookings. Now, there are reports that those who took delivery of the Scorpio-N on the first day of delivery are now selling their SUVs in the used car market for a hefty premium.
A YouTube video uploaded by ‘carversal’ shows that many people who took delivery of the Mahindra Scorpio-N are now selling their SUV at a premium to those who want its early delivery. However, it is the varying amount of premium charged by the owners that has caught the attention of many. In the used car market, owners are charging premiums anywhere between Rs 50,000 to Rs 10 lakh, which is hard to believe. One of the owners is charging a staggering Rs 50 lakh for a top-of-the-line Scorpio-N that he bought recently.
Most of the Mahindra Scorpio-N units listed in the used car market are top-spec diesel automatic variants. Mahindra started deliveries of the Scorpio-N on September 26, with most units being the top-end diesel manual and diesel automatic variants. Mahindra had already indicated that it would deliver the higher-spec units of the Scorpio-N on priority.
Mahindra secured 1 lakh bookings for Scorpio-N on the first day of bookings. There is quite a strong reason to guess that the SUV will command an extremely long waiting period. Taking into account the Scorpio-N’s bookings, Mahindra currently has a huge backlog of 2.4 lakh bookings for its various offerings, mainly the Scorpio-N, XUV700 and Thar.
The Mahindra XUV700 saw similar interest.
This is not the first time that a vehicle has seen high demand in India, garnering massive demand in the used car market at a premium over what it would cost when bought new. Surprisingly, most of these vehicles are from Mahindra. It all started when the XUV500 launched in 2011 and created similar demand. Even recent blockbuster offerings from Mahindra like Thar and XUV700 saw similar demand.
Prospective buyers usually shop for popular vehicles in the used car market to avoid the long waiting period these vehicles demand. These vehicles have negligible mileage on their odometers, making them brand new, but have the disadvantage of being titled as a used car on their registration certificate.
Mahindra launched the Scorpio-N in June 2022 with two engine options – a 2.0-litre turbocharged petrol engine and a 2.2-litre diesel engine. Both these engine options are available with a choice of 6-speed manual and automatic gearboxes, with the diesel version also available with an optional four-wheel drive system.