Mahindra forays into motorcycle segment, unveils two 110 cc models

Domestic auto-maker Mahindra has
forayed into the motorcycle segment with
two 110 cc models.
Mahindra 2 Wheelers Ltd, part of the
Mahindra group, unveiled two new
motorcycles - Centuro and Pantero - at a
function last evening.
"Pantero should be out in the next couple
of weeks and Centuro a few weeks
thereafter," said Anoop Mathur, president
- two wheeler sector and member of the
group executive board, Mahindra and
Mahindra Ltd.
Mr Mathur, however, did not disclose the
prices. Designed completely in-house at
the Mahindra R&D Centre in Pune and
powered by the MCi-5 engine
manufactured at the company's
Pithampur facility in Madhya Pradesh, the
motorcycle models possess intelligent
and class-defining features targeted at
distinct consumer segments, the company
said.
The company has invested Rs 100 crore in
the research and development of the
products but "it is difficult to give total
investment in product development as
there is a lot of common platform
sharing", Mr Mathur said.