Mahindra 2 Wheelers Ltd is planning to start export of its motorcycles before the end of this financial year, looking at neighbouring markets as well as Africa and Latin America for exports. “Seeding activity is on and we should start the exports of our motorcycles before the end of this financial year,” said Anoop Mathur, president (two-wheeler sector), and member of the group executive board, Mahindra & Mahindra (M&M).
“We plan to use the existing distribution network of M&M for motorcycle exports and would look at creating a new network where M&M does not have a presence,” he added.
Currently, the company sells a miniscule number of its scooters to countries including Sri Lanka and Bangladesh.
On Friday, Mahindra 2 Wheelers unveiled two motorcycles—Centuro and Pantero—in the 110 cc segment, marking its re-entry into the motorcycle segment. It may be recalled that the company had launched its first motorcycle Stallio 110 cc two years back, but had to pull out the product from the market following technical issues.
The products will be made available in the market in another four-five weeks. Pantero, which is expected first, will have four variants. Powered by the MCi-5 engine manufactured at the plant at Pithampur, the two bikes have been designed at the company’s R&D Centre in Pune.
