Mahindra & Mahindra Ltd.
BSE: 500520 | NSE: M&M
Large Cap | Automobiles - Passenger Cars
3129.15
43.90 (1.42%) Mahindra Two Wheelers to roll out new models in next two years
Date: 03-07-2013Mahindra & Mahindra’s (M&M) - two wheeler arm - Mahindra Two Wheelers is planning to roll out at least 10 new models in the next two years. The new range of products will include new models such as off-the-road bikes, hybrid and electric scooters and variants of existing models. It has decided to introduce one model every quarter over the next two to two-and-a-half years, to create newness in the market.
The two wheeler maker currently has 400 dealerships and 500 touch-points and aims to expand those to 600 dealerships and 1,000 touch-points in the next six-to-eight months. It is likely to expand its manufacturing facility at Pithampur, near Indore, and its R&D centre at Chinchwad, Pune.