Mahindra Two Wheelers Ltd. (MTWL)reports 207% sales volume growth during February 2014 as compared to Feb’13. Overall sales stood at 18553 units, while domestic volumes stood at 17848 units equating to 217% over the previous year. Mahindra Centuro continues to grow its volumes.
Mumbai, February 25, 2014: Mahindra Two Wheelers Ltd. (MTWL), part of the USD 16.7 billion Mahindra Group, won the 1st Runner Up award for a case study on â€˜Operational Excellenceâ€™ at Indizen 2014.
Mahindra Two Wheelers are contemplating a new 160cc motorcycle pegged at the competitive 150cc two wheeler motorcycle segment in India. Though exact launch date of this 160cc bike has not been announced, estimates reveal an end 2014 launch.
Mumbai, February 24, 2014: Mahindra Two Wheelers, part of the US$ 16.7 billion Mahindra Group, and Kinetic Engineering (KEL) announced today that KEL has sold its entire equity stake in Mahindra Two Wheelers Limited (MTWL) to Samena Capital, a private equity investment group focused on Asia and the Middle East.
Road Transport and Highways Ministry has finally cleared Quadricycles as a new four wheeler category. Quadricycles will be seen plying on roads in India from 1st October 2014. These four wheelers were earlier red flagged as they were called unsafe, but now fitted with seatbelts for occupants in front and rear, this tag has been removed.
Mumbai, February 17, 2014: Mahindra Two Wheelers Ltd. (MTWL), a part of the USD 16.7 billion Mahindra Group, signed an agreement for a Genuine Engine Oil tie-up with Hindustan Petroleum Corporation Limited (HPCL) for their 110cc bikes. The agreement was signed by Mr. Dharmendra Mishra – Vice President â€“ Sales and Customer Care, Mahindra Two Wheelers and Mr. S Jeyakrishnan, Executive Director – DS, HPCL in Mumbai.
Production ready Mahindra Mojo motorcycle was on display at the 2014 Auto Expo. First showcased back in 2010, Mojo is expected to be launched in India later this year. Price was revealed, but considering the growing competition, Mahindra Two Wheelers will price the Mojo aggressively once launched.
At the Delhi Auto Expo 2014, Mahindra Two Wheelers revealed their flagship motorcycle Mojo, which was first shown as a concept back in 2010, in presence of Aamir Khan. At that time, Mahindra had stated that Mojo would be launched in 2012, but then the project got delayed due to reasons unknown. But now, all these are things of the past as the Mojo is ready for launch.
Mahindra Two Wheelers Ltd. (MTWL), a part of the USD 16.7 billion Mahindra Group, continued to grow its presence in the Indian two wheeler segment in January 2014. The company reported sales of 24990 units during the month, a growth of 201 %, while domestic volume stood at 24703 units, a growth of 221 %, over the previous year.