Mahindra Two Wheelers Domestic Sales Rise 131% in May
By PTI | Published: 01st June 2014 04:51 PM |
NEW DELHI: Mahindra Two Wheelers today reported a 131 per cent growth in domestic sales at 15,878 units for May.
The company had sold 6,858 units in the corresponding month last year, the company said in a release.
Mahindra Two Wheelers, a part of USD 16.5 billion Mahindra group, exported 946 units during the month.
Speaking on the monthly performance, company's Chief of Operations Viren Popli said, "We are happy to maintain the demand momentum of our two-wheeler division during May 2014 with a growth of 131 per cent in the domestic market, which is indicative of the growing acceptance of our product especially our flagship brand, the Centuro."
"With a positive upsurge in the socio-economic sentiments and on the back of improved demand, we hope to remain on the growth trajectory going ahead," he added.
Besides two-wheelers, the company also has presence in other automobile segments like tractors, utility vehicles and others.