iconimg Tuesday, April 28, 2015

Press Trust Of India
Chennai, January 17, 2013
Auto major Mahindra and Mahindra is in the final stages of testing its premium 390cc motorcycle Mojo, a top official said in Chennai on Thursday. Mahindra and Mahindra executive vice president (Strategy and Market Development), Viren Popli told reporters in Chennai, "right now we are undertaking some final tests before launching it (in the market)..."

Asked when the motorcycle is expected to hit the road, he said, 'very soon', but did not divulge further details.

The engine of this motorcyle has been designed at the research and development centre at Pune, set up at a cost of Rs. 100 crore.

Unveiling the company's latest 110cc motorcycles Centuro and Pantero in Tamil Nadu market, Mahindra and Mahindra president-Two Wheelers and Board member Anoop Mathur said the company wants to become a player of substance with the launch.

Admitting that M&M was a late entrant in the crowded two-wheeler market, Mathur said they have been steadily increasing market share after the launch of scooters.

He said the company plans to launch three more scooter variants before this year end. "Hopefully we should have three more variants coming this year."

The company currently manufactures its two-wheelers in Pithampur facility.

Popli replied in the affirmative when asked whether the company was looking for exports of its motorcycles, saying some markets would be South Africa, Latin America and South East Asia. "Already we are exporting our scooters to some overseas markets. We will stretch it further," he said.

While 110cc motorcycle Pantero would be immediately available in Tamil Nadu at Rs. 44,190 (ex-showroom), Centuro would hit the roads in four to six weeks.