Mahindra Two Wheelers (MTWL), part of the USD 16.5 billion Mahindra Group, has unveiled Gusto, a scooter developed at its Pune facility. The 110cc scooter, introduced in two variants, is the first product to be developed independently after its acquisition of Kinetic Motor six years ago.
The vehicle is being launched at an introductory price of Rs 43,000 for the Dx variant and Rs 47,000 (ex-showroom Delhi) for the top-end Vx variant. It has a mileage of 63 km per litre (ARAI certified).
Mahindra Two Wheelers has invested Rs 65 crore for the development of the product. The Gusto would be manufactured at the company’s Pithampur plant in Madhya Pradesh.
Recently, the company launched 15-HP tractor ‘Yuvraj’ 215 NXT in Delhi, which is part of the company’s vision to deliver FarmTech prosperity to farmers through its multiple application features. The tractor comes with various features, including hydraulic with automatic depth and draft control, side shift gear lever.
Mahindra & Mahindra (M&M) is the flagship company of the Mahindra Group, a multinational conglomerate based in Mumbai, India. Amongst the various business interests of its parent group, the company is mainly involved in the automobile manufacturing. It is one of the leading auto companies of India.
| Company Name | CMP |
|---|---|
| Tata MotorsPassenger | 360.15 |
| Maruti Suzuki | 13452.25 |
| Mahindra & Mahindra | 3199.35 |
| Hyundai Motor India | 1901.25 |
| Mercury Metals | 35.39 |
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