2. Mahindra Rise MAHINDRA BUILDS THREE THINGS: PRODUCTS, SERVICES, AND POSSIBILITIES. To enable people to Rise. Company operate in the key industries that drive economic growth, enjoying a leadership position in utility vehicles, information technology, tractors, and vacation ownership. Company have a growing presence in the automotive industry, aerospace, aftermarket, components, consulting services, defense, energy, financial services, logistics, real estate, retail, and two wheelers. A US $12.5 billion multinational group based in Mumbai, India, are more than 119,900 people in over 100 countries.
3. Mahindra Automobiles In 1947, Mahindra & Mahindra introduced India to the utility vehicle. More than 65 years later, Mahindra & Mahindra are still India's premier utility vehicle (UV) company Mahindra offers cars, pickups & commercial vehicles like the Scorpio & Bolero that are rugged, reliable, environmentally friendly & fuel-efficient At present M&M has also covered the automobile market of other countries like of Australia, Europe, Latin America, Malaysia, and South Africa
4. Kinetic Motor Company Ltd. Kinetic Motor Company (KMCL) has revolutionized the concept of personalized transportation in India with the launch of Kinetic 'Luna' moped in 1972. Kinetic motor began in 1984 with collaboration with Honda motor of Japan formerly known as Kinetic Honda Motor to sell advanced scooters in India which brought in the 1st gearless scooters on the Indian roads. Kinetic has three manufacturing facilities located at Goregaon Bhima, Ahmednagar and Pithampur to produce more than 4 lakh vehicles per year.
6. View’s of MD’s of Mahindra Group about the acquisition:- "The acquisition of business assets of KMCL is a defining moment in the history of Mahindra as it will give us an opportunity to emerge as a full range player with a presence in almost every segment of the automobile industry. KMCL is a strategic fit with our overall two-wheeler strategy. The strong in-house design and development competencies provided by Mahindra Engineering Services (MES) and the recent acquisition of Italy-based design house, Engines Engineering, coupled with KMCL's expertise will enable us to assume a significant position in the rapidly growing Indian and global two-wheeler market. I am also delighted to announce that Mr. AnoopMathur, President Designate, Two-Wheeler Sector, will spearhead this new venture“ Mr. Anand Mahindra, Vice Chairman and Managing Director, Mahindra Group.
7. View of MD of KMCL KMCL is a company with a rich heritage spanning more than three decades. Over the years, we have introduced several new concepts such as the Luna and India's first gearless scooter which have revolutionized the two-wheeler industry. Hence, we are delighted to associate with Mahindra, another pioneering automobile company with a rich legacy which will add long term value to the business and take it to greater heights,” Ms. Sulajja Firodia Motwani,ManagingDirector, Kinetic Motor.
