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M&M enters two-wheeler Ind

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M&M enters two-wheeler Ind

Auto major, Mahindra & Mahindra (M&M), is set to foray into the two wheeler-business with the company today announcing the acquisition of well-known two-wheeler brand, Kinetic Motors. M&M will form a new company--Mahindra Kinetic Scooters & Motorcycles Ltd--which would execute the acquistion of Kinetic by purchasing 'all operating assets of the company', M&M's Chief Financial Officer, Bharat Doshi, told reporters here.

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