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.
Mahindra Gusto was just launched at competitive introductory price of Rs. 43,000 (ex-showroom Delhi). Here is on-paper technical specification, price and features comparison between other 110cc scooters like Honda Activa, TVS Jupiter, Suzuki Lets, Hero Maestro and Yamaha Ray.
Mahindra Two Wheelers Limited was founded in 2008 acquiring Kinetic Motor Company Limited. MTWL partnered with SYM (Sanyang Industry Co., Ltd.) to develop scooters in 125cc segment. Now, Mahindra has solely developed and launched a new global scooter ‘Gusto’ which is set to take down 110cc competition.
Entering the lucrative 110 cc automatic scooter segment today, Mahindra announced the launch of their all-new scooter Gusto. This is a global scooter, which has now been launched in India, export to overseas markets will soon follow.
Both Mahindra products, which were showcased at the 2014 Delhi Auto Expo along with many others, Quanto compact SUV with AMT and Mojo 300 cc motorcycle, are due for a launch in early 2015.
Mahindra Two Wheelers Limited (MTWL) is set to launch new global scooter named Gusto, that is codenamed G101. Engine performance, ride quality and handling abilities of Mahindra Gusto are furnished below.