 Mumbai : Having sold record of one lakh scooters in a span of just 10 months, Mahindra & Mahindra is now firming up plans to enter the domestic motor-cycle market by end of 2010, a top company official said.
"We have achieved a milestone by selling one lakh scooters in just 10 months as against a set target of 18 months. Our plan now is to enter the motor-cycle market by end-this year," Mahindra two-Wheeler' President Anoop Mathur told reporters here.
"We are working on a unique product that will be assembled in the same plant where our scooters are manufactured," he said. The company is designing the motor-cycle at its Italy-based Engines Engineering, which was acquired by the Mahindra group in 2008. Presently, the company's Pithampur facility (where it makes its scooters) has a capacity to make five to six lakh scooters annually.
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