131% sales growth for Mahindra Two Wheelers in India in May 2014
Mahindra Two Wheelers Ltd. (MTWL) sales stood at 16824 units during May 2014. MTWL domestic sales stood at 15878 units during May 2014 as against 6858 units during May 2013, equating to 131% sales growth.
Last month GenZe by Mahindra, a two-wheeled electric vehicle was introduced by Mahindra Group in the US. The bike offers a range of 30 miles and does not require a motorcycle license to operate in most US states. It’s Ann Arbor manufacturing facility has a capacity to assemble up to 9,000 vehicles per year, and can be expanded to 20,000 vehicles when required.
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