Mahindra 2 Wheelers Growth Story Continues Records 134% growth in FY '11
Mahindra Two Wheelers' sales for the month of March 2011 stood at 12,771 units, as compared to the same period last year, an increase of 134%.
- (1888PressRelease) April 02, 2011 - Mumbai - Mahindra Two Wheelers, a part of the US $ 11.1 billion Mahindra Group, further consolidated its presence in the two wheeler segment in March 2011.
The company's sales for the month of March 2011 stood at 12,771 units. Total cumulative sales from April 2010 to March 2011 stood at 163,914 units which included 5181 motorcycles, as compared to 70,008 units for the same period last year, an increase of 134%.
This has been a year of significant growth for Mahindra Two Wheelers. The business has more than doubled and a landmark consumer base of 2 lakh has been crossed in just 16 months, which makes Mahindra Two Wheelers the fastest growing two wheeler company. Brand building initiatives not only reflect in the growth numbers but also in the accolades won in various fora. Mahindra PowerScooters successfully rode to the highest motorable road in the world to reach Khardung-la, while the Mahindra Stallio has travelled across the length and breadth of the country covering a cumulative distance of 135,000 km in the Great Indian Ride. Thus, Mahindra Two wheelers has set new benchmarks by accepting no limits, true to the philosophy of Mahindra Rise.
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.
About The Mahindra Group
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, financial services, industrial equipment, logistics, real estate, retail, steel and two wheelers.
A US $11.1 billion multinational group based in Mumbai, India, Mahindra employs more than 117,000 people in over 100 countries.
Dun & Bradstreet, the world's leading source of global business information, knowledge and insight, recently ranked Mahindra at No. 1 in the automobile sector in its list of India's Top 500 Companies. In 2010, Mahindra was featured in the Forbes Asian Fab 50 list and the Credit Suisse Great Brands of Tomorrow.
Its flagship company Mahindra & Mahindra Limited has also 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).
In 2011, Mahindra acquired a majority stake in Korea's SsangYong Motor Company.
For more information, please visit www.mahindra.com.
###
space
space
Satisfied Users & 
Approved Press Releases
Print
Email
Report Spam