Mahindra Two Wheelers continues growth momentum with a
212% growth in October 2010
Mumbai,November1, 2010: MahindraTwo Wheelers,apartof the US $7.1 billionMahindraGroup,has
furtherconsolidateditspresence inthe twowheelersegment,withrecord salesof 21,204 twowheelers
in October 2010.
Mahindra TwoWheelers today announced that its sales for the month of October 2010 stood at 21,204
units, as against 6,804 units in October 2009, an increase of 212%. The sales for Motorcycles stood at
Total cumulative salesfromApril toOctober 2010 stood at 92,034 units,ascompared to 22,758 unitsfor
the same period last year, an increase of 304%.
“Consumers have laid their trust in the Mahindra Two Wheeler brand and this is borne out from the
momentumthatisreflectedinourmonthlysalesfigures.We have achievedadouble digit market share
in scooters last month and our consumer base is growing rapidly.
Thismonthwe have alsoembarkedonour motorcycle journey with the launch of Stallio and the initial
response has been very encouraging.” said Mr Anoop Mathur, President Two Wheeler Sector and
Member of Group Executive Board Mahindra & Mahindra.
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 Durois positionedasa familyscooter.The Flyte isthe Indianwoman’stwo-wheelerof choice.
The stylish Stallio creates a niche for itself in the motorcycles.
About The Mahindra Group
Mahindra embarked on its journey in 1945 by assembling the Willys Jeep in Indiaand is now a US $7.1
billion Indian multinational. It employs over 1,00,000 people across the globe and enjoys a leadership
positioninutilityvehicles,tractorsandinformationtechnology,withasignificant and growing presence
in financial services, tourism, infrastructure development, trade and logistics. The Mahindra Group
today is an embodiment of global excellence and enjoys a strong corporate brand image.
Mahindra isthe onlyIndiancompany among the top tractor brands in the world. It is today a full-range
playerwitha presence inalmosteverysegmentof the automobileindustry, from two-wheelers to CVs,
UVs, SUVs and sedan. Mahindra recently acquired a majority stake in REVA Electric Car Co Ltd. (now
called Mahindra REVA), strengthening its position in the Electric Vehicles domain.
The Mahindra Group expandeditsITportfoliowhenTechMahindraacquiredthe leadingglobal business
and informationtechnologyservicescompany,SatyamComputer Services. The company is now known
as Mahindra Satyam.
Mahindra is also one of the few Indian companies to receive an A+ GRI checked rating for its first
SustainabilityReportforthe year2007-08 andhas alsoreceived the A+ GRI rating for the year 2008- 09.