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.

Mahindra Centuro 110CCMahindra Two Wheelers exports for May 2014 stood at 946 units. Viren Popli, Chief of Operations, Mahindra Two Wheelers said, ‚ÄúWe are happy to maintain the demand momentum of our 2-wheeler division during May 2014 with a growth of 131% in the domestic market, which is indicative of the growing acceptance of our product portfolio especially our flagship brand, the Centuro. With a positive upsurge in socio-economic sentiments and on the back of improved demand, we hope to remain on the growth trajectory going ahead‚ÄĚ.

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.