Mahindra 2 wheelers records 56% growth in January 2011
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Mahindra 2 wheelers records 56% growth in January 2011

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Mahindra Two Wheelers, a part of the US $7.1 billion Mahindra Group, further consolidated its presence in the two wheeler segment in January 2011. The company’s sales for the month of January 2011 ...

Mahindra Two Wheelers, a part of the US $7.1 billion Mahindra Group, further consolidated its presence in the two wheeler segment in January 2011. The company’s sales for the month of January 2011 stood at 15,623 units, as against 10,008 units in January 2010, an increase of 56%. Total cumulative sales from April 2010 to January 2011 stood at 138,482 units, as compared to 47,985 units for the same period last year, an increase of 189%.

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Mahindra 2 wheelers records 56% growth in January 2011 Mahindra 2 wheelers records 56% growth in January 2011 Document Transcript

  • Mahindra 2 Wheelers records 56% growth in January 2011<br />Mumbai, February 01, 2011: Mahindra Two Wheelers, a part of the US $7.1 billion Mahindra Group, further consolidated its presence in the two wheeler segment in January 2011. The company’s sales for the month of January 2011 stood at 15,623 units, as against 10,008 units in January 2010, an increase of 56%. Total cumulative sales from April 2010 to January 2011 stood at 138,482 units, as compared to 47,985 units for the same period last year, an increase of 189%.<br />This month, Mahindra Two Wheelers crossed the landmark sales figure of 200,000 units. This feat has been achieved in 16 months from the launch of the Power Scooter portfolio in September 2009. Mahindra Two Wheelers has the distinction of achieving this milestone in one of the shortest time spans, as compared to other two wheeler manufacturers. The sales of Mahindra Stallio stood at 5135 units.<br />Earlier in the month, Mahindra & Mahindra announced its intent to compete in the FIM Road Racing World Championships. Mahindra thus becomes the first Indian motorcycle manufacturer to compete in the MotoGP in the 125cc category.<br />Mahindra 2 Wheelers’ Power Scooters 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 />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, information technology, and vacation ownership.  Mahindra has a presence in the automotive industry, agribusiness, aerospace, components, consulting services, defence, energy, finance and insurance, industrial equipment, logistics, real estate, retail, steel, and two wheelers. <br />A US $7.1 billion multinational group based in Mumbai, India, Mahindra employs more than 112,000 people in over 79 countries.  In 2010, Mahindra was named among the Forbes Asian Fab 50 and the Credit Suisse Great Brands of Tomorrow. Its flagship company Mahindra & Mahindra Limited has recently earned the distinction of being 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). For more information, visit www.mahindra.com<br />