M&M’s two-wheeler arm eyeing turnover of Rs 20,000 crore by 2020

Mahindra Two Wheelers (MTWL), a part of the $15.4 billion M&M Group, is eyeing a turnover of Rs 20,000 crore by 2020. Also, the two wheeler market that is slated to grow to 30 million units a year by 2020, the company is eyeing to sell 3-4 million units.

Besides, M&M has opened a new R&D centre for two-wheelers in Pune, with the investment of Rs 100 crore. The R&D center has 175 engineers and designers. It aims to spend around Rs 500 crore over the next five years on this center.

Mahindra & Mahindra is the flagship company of the Mahindra Group. The company’s core automotive and farm equipment businesses have grown into market leaders whose triple bottom line ethic is driving industry trends towards technological innovation, social responsibility, and constantly improving customer satisfaction.