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.
The festive season in India has boosted demand for Mahindra’s Centuro model. MTWL has reported record total sales during the month of October during which period a total of 29,696 units were sold.
Mahindra Two Wheelers Limited, a group venture owned by Mahindra and Mahindra Limited which manufactures both scooters and motorcycles entered into a state level competition of Quality Circles organized by Quality Circle Forum of India. The events were held in Gwalior, Madhya Pradesh on 5th October wherein the company received the Gold Award.
Mahindra Two Wheelers Limited (MTWL), a group venture owned by Mahindra & Mahindra, is extending their reach to South Indian markets. The company will be increasing sales and service touch points to over 500 in the coming 2 to 3 years, even as they have recently inaugurated a total of 3 dealerships and a new sales outlet in Bengaluru.
Mahindra Two Wheelers Limited part of the Mahindra Group claimed a total of 3 awards at the CMO Asia â€“ Star of the Industry Manufacturing Excellence Awards 2013. Held in Singapore, the company was the recipient of Best in Class CSR Award in the manufacturing sector, Best in Class Excellence Award and Best in Class Carbon Footprint Award.