All-new Mahindra Scorpio-N now selling for Rs. 50 lakh in India’s used car market [Video]

Ever since the Mahindra Scorpion-N launched in the Indian car market, the hype for the ladder-on-frame SUV is reaching new heights with every passing day. The first proof of the massive popularity of the Scorpio-N came out when it recorded around one lakh bookings in just 30 minutes after Mahindra started accepting bookings. Now, there are reports that the people who took the delivery of Scorpio-N on the first day of deliveries are now selling their SUVs in the used car market for hefty premiums.

A YouTube video uploaded by ‘carversal’ shows that several people who have taken the deliveries of Mahindra Scorpio-N are now selling their SUVs at a premium to those people who want a prior delivery of it. However, it is the varying amounts of premium charged by the owners which have drawn the attention of many. In the used car market, the owners are charging a premium of anywhere between Rs 50,000 to Rs 10 lakh, which is something hard to believe. One of the owners is charging a mind-boggling amount of Rs 50 lakh for the top-spec Scorpio-N which he bought recently.

Most of the units of Mahindra Scorpio-N listed in the used car market are the top-spec diesel-automatic variants. Mahindra started delivering the Scorpio-N on 26th September, with most of the units being the top-spec versions of diesel manual and diesel-automatic. Mahindra had already indicated that it will be delivering the higher-spec units of the Scorpio-N in priority.

Mahindra clocked 1 lakh bookings of the Scorpio-N on the very first day of commencement of bookings. It is a reason strong enough to estimate that the SUV will command an extremely long waiting period. Taking these bookings of the Scorpio-N into account, Mahindra currently has a huge backlog of 2.4 lakh bookings for various of its offerings, primarily Scorpio-N, XUV700 and Thar.

Also read: What a Mahindra XUV500 rides like after 3 lakh kms

Mahindra XUV700 saw a similar interest

It is not the first time when a vehicle in India has witnessed a huge demand, which saw it receiving massive demands in the used car market at higher premiums than their price when bought new. Surprisingly, most of these vehicles belong to Mahindra. It all started when XUV500 launched in 2011 and generated a similar kind of demand. Even the recent blockbuster offerings from Mahindra like the Thar and XUV700 witnessed similar demand.

Potential buyers usually buy popular vehicles in the used car market to skip the long waiting periods that these vehicles demand. These vehicles clock negligible mileage in their odometer, which makes them brand new, but they do have the disadvantage of being titled as a used car on their registration certificates.

Mahindra launched the Scorpio-N in June 2022 with two engine options on offer – a 2.0-litre turbocharged petrol engine and a 2.2-litre diesel engine. Both these engine options are available with 6-speed manual and automatic gearbox choices, with the diesel version also available with an optional four-wheel-drive system.

Also read: Well-maintained Kia Seltos SUV available for sale