Mahindra 2 Wheelers Growth Story Sustained - achieves 11% YTD growth

Sept. 2, 2011 - PRLog -- Mumbai, September 01, 2011: Mahindra Two Wheelers Ltd (MTWL), a part of the US $ 12.5 billion Mahindra Group, further consolidated its presence in the two wheeler segment in August 2011.

The company’s scooter sales for the month of August 2011 stood at 15,120 units. Total cumulative sales from April to August 2011 stood at 60,348 units, a growth of 11% over the same period last year when the sales stood at 54,388 units.

“We continue to sustain our growth momentum for our scooter brands in many key markets across the country,” says Mr. Anoop Mathur, President – Two Wheeler Sector and Member of the Group Executive Board.

The cumulative sales for the company have crossed a landmark figure of two and a half lakh units, with both the Rodeo and Duro scooter brands having a franchise of more than one lakh consumers across the country.

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.

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 $12.5 billion multinational group based in Mumbai, India, Mahindra employs more than 119,900 people in over 100 countries.

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.

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).

In 2011, Mahindra acquired a majority stake in Korea’s SsangYong Motor Company.

For further information, please visit www.mahindra.com

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Mahindra enjoys a leadership position in utility vehicles, tractors and information technology, with a significant and growing presence in financial services, tourism, infrastructure development, trade and logistics.