Mahindra 2 Wheelers Achieves 18% Growth in Q1

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The company’s sales for the month of June 2011 stood at 11,748 units, an increase of 16% over the same period last year.
Total cumulative sales for the first quarter of F12 stood at 32,276 units, a growth of 18% over the same period last year when the numbers stood at 27,258.

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Mahindra 2 Wheelers Achieves 18% Growth in Q1

  1. 1. Mahindra 2 Wheelers Achieves 18% Growth in Q1<br /> <br />Mumbai, July 01, 2011: Mahindra Two Wheelers Ltd (MTWL), a part of the US $ 12.5 billion Mahindra Group, further consolidated its presence in the two wheeler segment in June 2011.<br /> <br />The company’s sales for the month of June 2011 stood at 11,748 units, an increase of 16% over the same period last year.<br /> <br />Total cumulative sales for the first quarter of F12 stood at 32,276 units, a growth of 18% over the same period last year when the numbers stood at 27,258.  <br /> <br />Both the key PowerScooter brands, Rodeo and Duro, now have consumer franchises of over 1,00,000 each.<br /> <br />Mahindra 2 Wheelers’ PowerScooters cater to a range of consumer segments. The Mahindra Rodeo with its very innovative, contemporary features is popular amongst the Indian youth, while the Mahindra Duro is positioned as a family scooter. The Flyte is the Indian woman’s two-wheeler of choice. The stylish Stallio creates a niche for itself in the motorcycles category.<br /> <br />About The Mahindra Group<br /> <br />The Mahindra Group focuses on enabling people to rise. Mahindra operates in the key industries that drive economic growth, enjoying a leadership position in tractors, utility vehicles, and information technology and vacation ownership. Mahindra has a presence in the automotive industry, agribusiness, aerospace, components, consulting services, defence, energy, financial services, industrial equipment, logistics, real estate, retail, steel and two wheelers. <br /> <br />A US $12.5 billion multinational group based in Mumbai, India, Mahindra employs more than 117,000 people in over 100 countries.<br /> <br />In 2011, Mahindra featured on the Forbes Global 2000 list, a listing of the biggest and most powerful listed companies in the world. Dun & Bradstreet also ranked Mahindra at No. 1 in the automobile sector in its list of India’s Top 500 Companies. In 2010, Mahindra featured in the Credit Suisse Great Brands of Tomorrow.<br /> <br />Its flagship company Mahindra & Mahindra Limited is the only Indian automobile manufacturer to feature in the top 10 list of the Carbon Disclosure Leadership Index in India - 2010, created by the Carbon Disclosure Project (CDP).<br /> <br />In 2011, Mahindra acquired a majority stake in Korea’s SsangYong Motor Company.<br /> <br />For further information, please visit www.mahindra.com<br />

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