Mahindra Two Wheelers Ltd. (MTWL) has inaugurated its new Mumbai dealership, ‘SM Auto’. Spread over 3,300 sq. ft., it includes a 1,700 sq. ft. showroom and a 1,600 sq. ft. workshop. Located in Goregaon West, SM Auto is the 42nd dealership in Maharashtra and further strengthens Mahindra Two Wheelers retail presence in this region.
Mahindra & Mahindra Ltd. (M&M Ltd.) reports March 2014 auto sales numbers of 51,636 units. Passenger Vehicles segment (UVs and Verito) sold 23,433 units in March 2014. When compared with 25,847 units sold during March 2013, this equates to 9% sales decline. Domestic sales stood at 48,490 units during March 2014, as against 49,225 units during March 2013.
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.
The United States District Court in Atlanta, USA, issued an order on March 14, 2014 denying the plaintiffs’ motion for class certification in a lawsuit brought by US automobile dealers against Mahindra & Mahindra.
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.
Mahindra & Mahindra Ltd. (M&M Ltd.), reported auto sales of 42,166 units during February 2014. Passenger Vehicles segment (which includes UVs and Verito) sold 19,308 units in February 2014, as against 23,421 units during February 2013 equating to 15% sales decline.
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.
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.
Cloud-based product company, Excellon Software announced the successful completion of its Excellon Dealer Management Software (DMS) implementation for Mahindra Two Wheelers Ltd (MTWL), which has a nationwide network of over 500 sales and service locations.