NewsReaper

Continues to scale new heights by crossing 15,000 units

Mumbai, September 1, 2010: 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 15,165 units in August 2010.

Mahindra Two Wheelers today announced that its sales for the month of August 2010 stood at 15165 units, as against 4005 units in August 2009, an increase of 279%.

Total cumulative sales from April to August 2010 stood at 54261 units, as compared to 12948 units for the same period last year, an increase of 319%.

“We are very happy with the response to our Power Scooters. Consumers have laid their trust in brand Mahindra which has helped us grow more than 75% in the last four months. We have been achieving several milestones. Just a couple of months ago, we crossed a landmark figure of 1,00,000. Our efforts to come closer to consumers are also bearing fruit as we now have more than 370 dealer ships across the length and breadth of the country.” said Mr. Anoop Mathur, Sector President 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 Duro is positioned as a family scooter. The Flyte is the Indian woman’s two-wheeler of choice.

About The Mahindra Group

Mahindra embarked on its journey in 1945 by assembling the Willys Jeep in India and is now a US $7.1 billion Indian multinational. It employs over 1,00,000 people across the globe and 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. The Mahindra Group today is an embodiment of global excellence and enjoys a strong corporate brand image.

Mahindra is the only Indian company among the top tractor brands in the world. It is today a full-range player with a presence in almost every segment of the automobile industry, 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 expanded its IT portfolio when Tech Mahindra acquired the leading global business and information technology services company, Satyam Computer 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 Sustainability Report for the year 2007-08 and has also received the A+ GRI rating for the year 2008- 09.

sunilg

News approved.

__________________
(Been There Done That) x 2.25

Join xBhp On

raja_roadster

Kudos mahindra waiting for the mahindra 125cc sport bike Btw that mods i read on the auto expo thread the bike will do 50bhp but in somewhere it read 15 bhp being an indian make i think it will be 15 bhp

shrinathrao

Mahindra has established the rodeo and duro brand in much more better way than expected, the best thing is they are true to their customers (Personal Experience) dont play hidden games like Honda or Hero Honda does, where they say to one customer waiting period is 2 months and from behind sell to other customer in black without a single day waiting.

__________________
If you don't ride in the rain, you don't ride. ~Author Unknown

Don't argue with an 18-wheeler. ~Author Unknown

Gray-haired riders don't get that way from pure luck.

You don’t stop riding because you’re getting old, but you get old when you stop riding.

aargee

279%??? WHAAAT???
But who's buying the Rodeos & Duro? Can someone help me understand?

But on a second thought
Quite possible; because its just 40 scooters per month per dealer, which is 1.3 scooter per day

Again here it is, 29.3 scooter per month per dealer, which is 0.97 scooter per day.

__________________
Be who you are and say what you feel, because those who mind don't matter, and those who matter don't mind - Dr Seuss

srini

i do see a lot of flytles,rodeos and duros on road these days..if only they bring out some new launches in other segments soon,the trust in mahindra 2-wheelers will grow amongst the general public even more..

__________________
as soon as i believe Im the best,Im not the best anymore...

Aravind

their scoots are pretty good...i ve ridden the duro and it has a very good engine comparable to access...the quality of parts and finish are not as comparable....however i feel that the biggest reason for their jump in sales due to the looongg waiting period for the honda activa which diverts most of the buyers to other alternatives in this segment