Mahindra Two Wheelers continues growth momentum with a
212% growth in October 2010
Mumbai,November1, 2010: MahindraTwo Whe...
Upcoming SlideShare
Loading in …5

Mahindra two wheelers continues growth momentum


Published on

Mahindra Two Wheelers, a part of the US $7.1 billion Mahindra Group, has further consolidated its presence in the two wheeler segment, with record sales of 21,204 two wheelers in October 2010.

Published in: Automotive, Business, Technology
  • Be the first to comment

  • Be the first to like this

No Downloads
Total views
On SlideShare
From Embeds
Number of Embeds
Embeds 0
No embeds

No notes for slide

Mahindra two wheelers continues growth momentum

  1. 1. 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 2,664 units. 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.