Mahindra Two Wheelers' June Sales Up 87%

The sales of Mahindra Two Wheelers Ltd. (MTWL) rose 87 percent to 15,463 units in June over a year ago, the company said in a press release on Wednesday.

The domestic sales of the company stood at 14,389 units in June 2014, as against 7849 units last year, registering a growth of 83 percent. Exports during the month posted a figure of 1074 units. In May, MTWL reported a 131 percent growth in domestic sales. The company sold 15,878 units in May, as against the 6,858 units in the corresponding month last year. During the same period, MTWL, a part of $16.5 billion Mahindra group, also exported 946 units of two wheelers.

Sharing the joy of growth in sales, Viren Popli, Chief of Operations, MTWL said, "We are happy about the sustained growth momentum on our flagship brand, the Centuro. We thank our customers for their continued confidence and we will further delight them with exciting new propositions in coming months."

Mahindra Two Wheelers' current motorbike portfolio includes Centuro and Pantero. In the coming months, the company is expected to expand its market in the country with the launch of Mojo 300 and a new model of Centuro.

Talking of Mojo 300, the bike which first appeared at the 2010 Auto Expo is expected to reach the market around this festive season. The bike has been spied testing in the country numerous times already, indicating its arrival soon to the market.

Under the hood, the Mahindra's new offering is expected to carry 300 cc liquid cooled, 4-stroke single-cylinder engine, which can churn out a power of 27 bhp at 8000 rpm and a peak torque of 25 Nm at 6,500 rpm, and is likely to come coupled to a six-speed transmission. The stopping power of the bike will be provided by the disc brakes seen on both front and rear wheels. Mojo 300 is expected to get Pirelli Sport Demon tyres mounted on Y-spoke black alloy wheels.

On the other hand, Mahindra's upcoming Centuro with disc brake will be called O1-D. The motorbike is likely to be powered by the same Micro Chip Ignited 5-Curve (MCi-5) engine which can churn out a peak power of 8.5 hp, a peak torque of 8.5 Nm and will feature find me lamps, guide me home lamps, LED pilot lamps and engine immobilizer.