M&M enters two-wheeler Ind
M&M enters two-wheeler Ind
Last Updated : Jul 30 2008 | 12:00 AM IST
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.