Mahindra on a smooth ride
Mahindra Two Wheelers, a part of the US $7.1 billion Mahindra Group, has made a perfect entry into the two-wheelers segment and the company has been able to keep its growth momentum intact in the month of May as well.
According to the sales figures issued by the company, for the month of May 2010, the unit sales of the company stood at 8037 units, that is way up as compared to the 2193 units in May 2009, filing a whopping increase of 266%.
Moreover, the company also mentioned the fact that its Cumulative sales for the months of April and May 2010 stood at 17046 units filing a growth close to 350% in the domestic market.
Anoop Mathur, Sector President and Member of the Group Executive Board, Mahindra & Mahindra Ltd said that the approach followed by the company top create a niche Power Scooters segment has been welcomed by the consumers with open arms and is the same reason why the company has been able to keep its growth momentum intact.
In fact, the company will soon be making an entry into the motorcycle segment as well.