Mahindra Two Wheelers Limited (MTWL) is a group venture solely possessed by Mahindra and Mahindra Limited (M&M), which fabricates scooters and motorbikes.
Mahindra Two Wheelers Limited was established in 2008, when Mahindra and Mahindra Limited obtained the business resources of Kinetic Motor Company Limited. MTWL has collaborated with Taiwan's Sanyang Industry Company (SYM) to build up its bike portfolio, and with Italy-based Engines Engineering for examination and item plan.
The organization has an assembling office at Pithampur, close Indore in Madhya Pradesh.
Mahindra Two Wheelers Limited has a Research and Development unit situated at Chinchwad, Pune, furnished with fundamental outline and advancement offices right from renderings to model produce and testing. It has invested ₹100 crore (US$15 million) to make it functional.
The organization has a 200 strong seller system spread the country over with more than 300 merchants making 700 points of sale. Its wide item portfolio comprises of astonishing offerings like the Gusto 125, Rodeo, which won the Gulf Monsoon Scooter Rally in its first year of rally participation. The Mahindra Duro was also announced the Scooter of the Year at the yearly NDTV Car and Bike Awards in 2010. Their flagship bike, the Mahindra Centuro has gotten more than 11 industry and customer awards while Gusto, has gotten 5 recognitions in the 'Bike of the Year' and 'Development of the Year' classes among others.
MTWL has obtained a 51% stake in Peugeot Motorcycles, part of the Euro 54 billion Peugeot S.A. (PSA) Group situated in France. PMTC, a key player in urban portability in Europe throughout the previous 116 years, is the oldest mechanized bike producer and offers a standout amongst the most far-reaching scope of bikes and mopeds, from 50cc to 400cc.