MAHINDRA Bikes |MAHINDRA Imported Bikes
Mumbai, July 30, 2008: Acquisition of KMCL, Mahindra & Mahindra Ltd. (M&M), India's leading automotive companies, announced that its Board of Directors approved the acquisition of business assets of Pune-based Kinetic Motor Company Ltd. (KMCL). The acquisition was done through a New Company to be formed. (New Co.). The consideration for the acquisition is a sum of Rs.110 crores (subject to closing due diligence) plus 20 percent stake to KMCL in the New Co. M&M holds the balance 80 per cent of the equity.
The deal enabled Mahindra to design and market a range of scooters, value engineered motorcycles and high-end motorcycles for the Indian and global markets, helping it establish a robust, end-to-end two-wheeler business in every segment of the industry.
The acquisition of business assets of KMCL is a defining moment in the history of Mahindra as it gives us an opportunity to emerge as a full range player with a presence in almost every segment of the automobile industry.
September 30, 2010: Mahindra 2 Wheelers Stallio and Mojo motorcycles, with world class Italian design, raw power, adrenaline and speed for the Indian bikers, made their debut at a high voltage launch in Mumbai.
Mahindra 2 Wheelers has achieved a milestone by registering a sale of 2 lac units – a clear validation of the success of their niche PowerScooters strategy. Mahindra 2 Wheelers is now all geared up to redefine the biking experience in India with the Stallio and the Mojo which are a potent blend of global technology and innovation and will take the category to the next level.
These world class bikes are worthy additions to the Mahindra 2 Wheelers product portfolio and are part of their commitment to establish a robust, end-to-end two wheeler business in every segment of the industry. Both bikes incorporate world class R&D and design elements from Mahindra's Bologna, Italy based design house, Engines Engineering and are best suited for Indian biking conditions.
While the Stallio offers a host of features unheard of in its segment and is ideal for the avant-garde young executive or businessman who desires a rugged and reliable yet stylish bike, the Mojo is a performance oriented, power packed bike and is the ultimate machine for motorcycle enthusiasts who are passionate about biking.
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