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.
Mahindra Mojo 300, which was first showcased in 2010 and later updated and displayed at 2014 Auto Expo earlier this year. Now, a near-production-ready version has been spotted testing in the high altitudes of Ladakh.
Subject to Works Council consultation, relevant to employee dialogue process and anti-trust law, transaction between MTWL and PSA involves an investment of Euro 15 million into PMTC to finance projects based on the strategic partnership. This facilitates further sale of shares for MTWL to secure 51% stake in PMTC.
Mahindra & Mahindra Limited has acquired controlling interest (51%) in PSA Peugeot Citroen’s scooter business unit, which involved investment of 15 million euros (Rs. 116.24 crores or $18.93 million approx.) for financing projects of Peugeot Motorcycles.
With another month gone, sales reports of major two wheeler makers in the country have been revealed. Here is a report on the September 2014 sales of TVS, Bajaj, Mahindra, Royal Enfield, Yamaha and Honda.