Looks like Mahindra and Mahindra won’t just sit back and watch the skyrocketing sales of Hero Honda, Bajaj and other companies. Last month they acquired 80% stake in Kinetic Motor Company Limited. Mahindra ended paying 110 crores in the deal. It will get all the company’s assets and will name the joint venture as Mahindra Kinetic.
A Taiwanese parter Sym will offer technical expertise for the company to manufacture its range of Scooters. Lets wait for some new offerings from Mahindra Kinetic. The scooter market has a great scope in modern India as the job opportunities for women is increasing.
