Mahindra 2 Wheelers Sustains Growth Momentum, Records highest ever retail sales in October

Mumbai, November 02, 2011: Mahindra Two Wheelers Ltd (MTWL), a part of the US $ 12.5 billion Mahindra Group, continued to build its presence in the two wheeler segment in October 2011. The companys cumulative scooter sales from April to October 2011 stood at 92,234 units. Sales in October 2011 were 17,949 units. This festive month saw us surpassing yet another landmark. Our retail sales grew by about 30% in October. As a result, we registered our highest ever retail sales in a single month. We are absolutely thrilled by the significant rise in consumer demand for all our scooter brands across the country, says Mr. Viren Popli, Senior V.P. Marketing, Sales and Customer Care, Mahindra Two Wheelers. The cumulative sales for the company have crossed a landmark figure of three lakh units, with both the Rodeo and Duro scooter brands having a franchise of more than one lakh consumers across the country. Mahindra 2 Wheelers powerful 125cc scooters cater to a range of consumer segments. The Mahindra Rodeo with its very innovative, contemporary features is popular amongst young couples, while the Mahindra Duro is positioned as a solid, family scooter. The Flyte is the Indian womans two-wheeler of choice. About The Mahindra Group The Mahindra Group focuses on enabling people to rise. Mahindra operates in the key industries that drive economic growth, enjoying a leadership position in tractors, utility vehicles, information technology, vacation ownership, rural and semi-urban financial services, etc. Mahindra has a significant and growing presence amongst others, in the automotive industry, agribusiness, aerospace, automotive components, consulting services, defence, energy, industrial equipment, logistics, real estate, retail, steel and two wheelers. A US $12.5 billion multinational group based in Mumbai, India, Mahindra employs more than 1,37,000 people in over 100 countries. In 2011, Mahindra featured on the Forbes Global 2000 list, a listing of the biggest and most powerful listed companies in the world. For four years in a row, Mahindra has featured in the Forbes Asias Fab 50 List of the 50 best publicly traded companies in the Asia-Pacific regions. Dun & Bradstreet also ranked Mahindra at No. 1 in the automobile sector in its list of Indias Top 500 Companies. In 2010, Mahindra featured in the Credit Suisse Great Brands of Tomorrow. Its flagship company Mahindra & Mahindra Limited is the only Indian automobile manufacturer to feature in the top 10 list of the Carbon Disclosure Leadership Index in India - 2010, created by the Carbon Disclosure (CDP). In 2011, Mahindra acquired a majority stake in Koreas SsangYong Motor Company.