Mahindra 2 wheelers growth story continues, achieves 36% growth

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Mahindra Two Wheelers Ltd (MTWL), a part of the US $ 11.1 billion Mahindra Group, further consolidated its presence in the two wheeler segment in May 2011.
The company’s sales for the month of May 2011 stood at 10,970 units, an increase of 36% over the last year.
Total cumulative sales from April to May 2011 stood at 20,525 units, a growth of 20% over the same period last year when the sales stood at 17,055 units.

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Mahindra 2 wheelers growth story continues, achieves 36% growth

  1. 1. Mahindra 2 Wheelers Growth Story Continues<br />Achieves 36% Growth<br /> <br />Mumbai, June 01, 2011: Mahindra Two Wheelers Ltd (MTWL), a part of the US $ 11.1 billion Mahindra Group, further consolidated its presence in the two wheeler segment in May 2011.<br /> <br />The company’s sales for the month of May 2011 stood at 10,970 units, an increase of 36% over the last year.<br /> <br />Total cumulative sales from April to May 2011 stood at 20,525 units, a growth of 20% over the same period last year when the sales stood at 17,055 units.  <br /> <br />The cumulative sales for the company have crossed a landmark figure of two and a half lakh units, while theRodeo has crossed a figure of 1,00,000 units.<br /> <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 /> <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 $11.1 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 /> <br />Connect with us on www.facebook.com/mahindragroup<br />

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