(Free Press Release)
Mahindraâ€˜s flagship SUV brand Bolero touches a new milestone with annual sales of over 1,00,000 units
Ã¢â‚¬¢ Bolero becomes Indiaâ€˜s highest selling SUV for the 6th consecutive year
Ã¢â‚¬¢ Records its highest ever annual and monthly sales since inception
Ã¢â‚¬¢ Features in the 7th position among the top selling passenger vehicles in India
Mumbai: Mahindra & Mahindra Ltd. (M&M Ltd.), Indiaâ€˜s leading SUV manufacturer, today announced that its flagship Sports Utility Vehicle (SUV) brand, the Bolero touched a new milestone, having sold 1,00,686 units in FY 2011-12. This is by far its highest ever annual sales since inception.
The Bolero is yet again the highest selling SUV in India for the 6th consecutive year with sales of 1,00,686 units during FY 2011-12 as against 83,112 units during FY 2010-11, registering a growth of 21%. For the month of March 2012, the Bolero sold 10,026 units, which is the highest ever monthly sales, in the history of the brand. Further, all these have helped the Bolero notch up the 7th position among the top selling passenger vehicles in India in FY 2011 12, moving up from 9th in FY2010 11. What is significant is that the Bolero is the only SUV to feature among the top 10 selling passenger vehicles in India.
Speaking on this achievement, Pravin Shah, Chief Executive, Automotive Division, Mahindra & Mahindra said, Ã¢â‚¬Å“The fact that Bolero has sold more than 1 lac units in FY 2011-12 signifies the confidence consumers have on the brand. Over the years, Bolero has evolved with the changing lifestyle aspirations of customers resulting in an exceptional CAGR of 26%. I am sure that the Bolero will continue to be as popular on Indian roads in years to comeÃ¢â‚¬.
About the Bolero
Since its launch in August 2000, the Bolero has evolved significantly, incorporating a host of features and aesthetics in line with the changing lifestyle and aspirations of the Indian consumers. The Bolero kept up its momentum with constant product upgrades and new offerings, having launched the ´New Boleroâ€˜ recently. Powered by the refined, peppy new m2DiCR engine with better driveability and excellent fuel efficiency, the New Bolero, sports more macho front styling, giving it an aggressive stance. It also incorporates new technology features like Advanced Digital Display with Driver Information System (DIS) and a digital Engine Immobilizer, all new stylish dashboard, new wood-finish central console and all-new seats and upholstery.
The brandâ€˜s popularity is also visible in the online space. The Mahindra Bolero community on popular social networking site, Facebook, has over 5.7 lakh fans sharing their adventures and experiences in their Boleros and Youtube channel of the brand has received more than 16.5 lakh views. Bolero has also been associated with popular celebrities such as cricketers Gautam Gambhir and Robin Uthappa who own a Bolero Stinger and a Bolero Special Edition, respectively.
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 and vacation ownership. Mahindra has a presence in the automotive industry, agribusiness, aerospace, components, consulting services, defence, energy, financial services, industrial equipment, logistics, real estate, retail, steel and two wheelers.
A USD 14.4 billion multinational group based in Mumbai, India, Mahindra employs more than 144,000 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. Dun & Bradstreet also ranked Mahindra at No. 1 in the automobile sector in its list of Indiaâ€˜s Top 500 Companies. In 2010, Mahindra featured in the Credit Suisse Great Brands of Tomorrow.
In 2011, Mahindra acquired a majority stake in Koreaâ€˜s SsangYong Motor Company.
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