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.
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