Mahindra Two Wheelers 92% sales growth for FY 2013-14

Mahindra Two Wheelers Ltd. (MTWL) reports 152% sales growth for March 2014 over March 2013. Having sold 19,591 units during the month, domestic volume stood at 18,953 units, equating to 165% growth over the previous year.

Mahindra-Centuro-N1Cumulative sales from April 2013 to March 2014 grew at 92%. Mahindra Centuro continues to boost sales growth. Viren Popli, Chief of Operations, Mahindra Two Wheelers said, “In 2014 we have doubled our volume backed by the successful launch of the innovative Mahindra Centuro. We are glad that Centuro continues to receive an unprecedented consumer demand. We have extended our product range with the introduction of the new Mahindra Centuro N1 that is helping us reach new demographic segments. Our sales & distribution network is also rapidly expanding across the country.”

He added, “We have won several prestigious awards that reflect growing confidence in our technological innovations, a clear validation of the Centuro’s success by leading auto experts.”

Mahindra Two Wheelers sales and service network has grown to over 1,000 touch points while adding 2 new outlets each day to make Centuro more accessible to buyers.