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.
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