M&M JV WITH KINETIC MOTORS

one of the leading automobile and tractor major Mahindra&Mahindra(M&M)planning to enter into a two wheeler motorcycles segment. they alreadyhad a talk with pune based kinetic motor,finally M&M is buying the assets of kinetic motor for Rs 110 crore and M&M will hold 80% and theremaining 20% will be owned by kinetic motor company.The new company name is Mahindra kinetic scooters and motorcycles.

1 comments:

Anonymous said...

Hi,

5 days of rally in Indian stock market recommendation and again a crash. One day gap up opening next day just mirror reflection of it (Gap down). All points gained by nifty whipping out. Investors was thinking that they should reenter in the market and can take long positions but just see what happened. These kind of movement are called traps. Still we are expecting more short covering to come in 2-3 days.

But do remember overall market mood is bearish throughout the year. So invest money but for short term not for medium to long term. You will get much better opportunities to do so at more lower levels.

Thanks

Regards

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