Mahindra Two Wheelers and Peugeot Motocycles have entered into a new alliance in which MTWL acquires 51% stake in PMTC.
Scoop: Upcoming Mahindra launches – Mojo 300, Gusto based 125cc scooter, Gixxer rivalling 150cc motorcycle
Following foray into mass market / commuter segment with launch of new Centuro variants and brand new 110 cc scooter Gusto, Mahindra Two Wheelers Limited is planning a blitzkrieg in higher segments.
Mahindra Two Wheelers Ltd. (MTWL) sales for December 2014 stood at 13,445 units. Domestic sales were 12,835 units and exports stood at 610 units.
MOTO3 for 2015 season will see a new bike, two new riders and the MAPFRE Aspar Team partnering with Mahindra Racing. Jorge MartÃnez â€˜Asparâ€™ is the person responsible for these developments.
Mahindra Two Wheelers Limited has showcased exciting one-off motorcycle versions based on Centuro, in scrambler and cafe racer styles, at ongoing 2014 Autocar Performance Show in Mumbai.
Royal Enfield’s strong sales momentum continues unabated with 27542 units sold (combined domestic wholesale and exports) in November 2014 over 18131 units in Nov ’13, equating to 52% growth.
Mahindra Two Wheelers, which holds a controlling stake in Peugeot Citroen Scooter division, is now working towards launching them in India.