Six months after Mahindra bought a stake in two wheeler maker Kinetic Motors, it’s intentions are coming out and plans appear to be big for the XYLO maker. Kinetic’s existing scooters Nova and Flyte will be revamped and launched with a new Mahindra-Kinetic badge by the end of this month. Changes are expected to both the scooters, and they should be only cosmetic.
Eying a big potential for luxury bikes in India, where tastes are changing from mass-market machines to high-end bikes, Honda and Bajaj are looking at launching new sportsbikes in the country in the next couple of months.
There had been a sudden surge in the number of International Sportsbikes brands entering the Indian market, over the past two years. Initially the trend was set by Kinetic with the launch of the 250cc, v-twin-powered Hyosung Comet in India back in 2005. Then it was Yamaha, which launched the Yamaha R1 in India and the MT-01 cruiser in 2007. Soon later followed by the Italian motorcycle giant Ducati, who launched an array of superbikes costing up to almost 50 lakhs, and finally Suzuki joined the troop in late-2008, with its Hayabusa superbike and the Intruder cruiser.
Kinetic motors to form a joint venture with Mahindra & Mahindra for manufacturing two wheelers. Kinetic motors have been going under losses for quite a few years now. This quarter they incurred a net loss of INR 18 crore which is marginally less than the last quadrant of the previous year which is INR 19.75 crore. The Mumbai based auto major has been in talks with kinetic motors for quite [ Read More ]
