Final stages of testing premium motorbike, says M&M
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Auto major Mahindra and Mahindra is in the final stages of testing its premium 390cc motorcycle Mojo, a top official said here today.
"Right now we are undertaking some final tests before launching it (in the market)..", Mahindra and Mahindra Executive Vice-President (Strategy and Market Development), Viren Popli told reporters here.
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 here, Anoop Mathur, Mahindra and Mahindra President-Two Wheelers and Board member said the company wants to become a player of substance with the launch.
The two motorcycles were designed at Pune R&D facility,he said Admitting that M&M was a late entrant in the crowded two-wheeler market,he 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", he said.
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,he said.