Mahindra 2 Wheelers Sustains Growth Momentum, Records highest ever retail sales in October


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Mahindra 2 Wheelers Sustains Growth Momentum, Records highest ever retail sales in October

  1. 1. Mahindra 2 Wheelers Sustains Growth Momentum,Records highest ever retail sales in OctoberMumbai, November 02, 2011: Mahindra Two Wheelers Ltd (MTWL), a part of the US $ 12.5 billion Mahindra Group,continued to build its presence in the two wheeler segment in October 2011.The company’s cumulative scooter sales from April to October 2011 stood at 92,234 units. Sales in October 2011 were17,949 units.“This festive month saw us surpassing yet another landmark. Our retail sales grew by about 30% in October. As a result, weregistered our highest ever retail sales in a single month. We are absolutely thrilled by the significant rise in consumerdemand for all our scooter brands across the country,” says Mr. VirenPopli, Senior V.P. Marketing, Sales and CustomerCare, Mahindra Two Wheelers.The cumulative sales for the company have crossed a landmark figure of three lakh units, with both the Rodeo and Duroscooter brands having a franchise of more than one lakh consumers across the country.Mahindra 2 Wheelers’ powerful 125cc scooters cater to a range of consumer segments. The Mahindra Rodeo with its veryinnovative, contemporary features is popular amongst young couples, while the Mahindra Duro is positioned as a solid,family scooter. The Flyte is the Indian woman’s two-wheeler of choice.About The Mahindra GroupThe Mahindra Group focuses on enabling people to rise. Mahindra operates in the key industries that drive economicgrowth, enjoying a leadership position in tractors, utility vehicles, information technology, vacation ownership, rural andsemi-urban financial services, etc. Mahindra has a significant and growing presence amongst others, in the automotiveindustry, agribusiness, aerospace, automotive components, consulting services, defence, energy, industrial equipment,logistics, real estate, retail, steel and two wheelers.A US $12.5 billion multinational group based in Mumbai, India, Mahindra employs more than 1,37,000 people in over 100countries. In 2011, Mahindra featured on the Forbes Global 2000 list, a listing of the biggest and most powerful listedcompanies in the world. For four years in a row, Mahindra has featured in the Forbes Asia’s Fab 50 List of the 50 bestpublicly traded companies in the Asia-Pacific regions. Dun & Bradstreet also ranked Mahindra at No. 1 in the automobilesector in its list of India’s Top 500 Companies.In 2010, Mahindra featured in the Credit Suisse Great Brands of Tomorrow. Its flagship company Mahindra & MahindraLimited is the only Indian automobile manufacturer to feature in the top 10 list of the Carbon Disclosure Leadership Index inIndia - 2010, created by the Carbon Disclosure (CDP). In 2011, Mahindra acquired a majority stake in Korea’s SsangYongMotor Company.