Mahindra 2 Wheelers records 83% growth in December 2010

Mumbai, January 03, 2011: Mahindra Two Wheelers, a part of the US $7.1 billion Mahindra Group,
further consolidated its presence in the two wheeler segment in December 2010.

The company’s sales for the month of December 2010 stood at 14.971 units, as against 8,199 units in
December 2009, an increase of 83%.

Total cumulative sales from April to December 2010 stood at 122,859 units, as compared to 37,977 units
for the same period last year, an increase of 224%.

The Oct- Dec quarter sale on scooters stood at 47,403 units which is more than twice of what was
achieved in the previous year same quarter. This quarter also saw the launch of Mahindra Stallio and the
volume stood at 4626 units.

The Mahindra Stallio Great Indian Ride, where 20 bikers successfully rode the Stallio for 38 days over
1,35,000 km across the length and breadth of India converged recently at Nagpur. Four teams of 5 bikers
each astride the Stallio started from the four corners of India, culminating at Nagpur which is the centre of
India. This proves that here is one more reliable vehicle from the Mahindra stable.

Mahindra 2 Wheelers’ Power Scooters cater to a range of consumer segments. The Mahindra Rodeo with
its very innovative, contemporary features is popular amongst the Indian youth, while the Mahindra Duro
is positioned as a family scooter. The Flyte is the Indian woman’s two-wheeler of choice. The stylish
Stallio creates a niche for itself in the motorcycles category.

About The Mahindra Group

Mahindra embarked on its journey in 1945 by assembling the Willys Jeep in India and is now a US $7.1
billion Indian multinational. It employs over 1,00,000 people across the globe and enjoys a leadership
position in utility vehicles, tractors and information technology, with a significant and growing presence in
financial services, aerospace, after-market, real estate, hospitality, logistics. The Mahindra Group today is
an embodiment of global excellence and enjoys a strong corporate brand image.

Mahindra is the only Indian company among the top tractor brands in the world. It is today a full-range
player with a presence in almost every segment of the automobile industry, from two-wheelers to UVs,
SUVs and CVs. Mahindra has acquired a majority stake in REVA Electric Car Co Ltd. (now called
Mahindra REVA), strengthening its position in the Electric Vehicles domain.

The Mahindra Group expanded its IT portfolio when Tech Mahindra acquired Satyam Computer Services,
now known as Mahindra Satyam.

Its flagship company Mahindra & Mahindra Limited has recently earned the distinction of being 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 Project (CDP). CDP is an independent not-for-profit
organization holding the largest database of primary corporate climate change information in the world.