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Mahindra 2 wheelers intends IPO to help with R&D and expansion plans.
Mahindra plans to invest 500 crore in Research & Development over the next 5 years. The company expects to raise around 600-700 crore to fund its expansion plans. It is still unclear when Mahindra's IPO hit the markets.
Currently the Mahindra 2 wheelers is privately owned with 83 percent held by Mahindra and the remaining held by Kinetic. This IPO may also allow Kinetic Motors to sell off their stake.
The aim is to make Mahindra 2 wheelers as big as its tractor and utility vehicles business.
Its Pithampur plant can currently produce 1 million two wheelers. But this capacity can be raised by 50-70 percent without too much capital investment.
The four year old company also plans to export its newly launched motorcycles - Pantero and Centuro, to Sri Lanka, Bangladesh, South America, Africa, Southeast Asia and Central Asia.
Mahindra plans to invest 500 crore in Research & Development over the next 5 years. The company expects to raise around 600-700 crore to fund its expansion plans. It is still unclear when Mahindra's IPO hit the markets.
Currently the Mahindra 2 wheelers is privately owned with 83 percent held by Mahindra and the remaining held by Kinetic. This IPO may also allow Kinetic Motors to sell off their stake.
The aim is to make Mahindra 2 wheelers as big as its tractor and utility vehicles business.
Its Pithampur plant can currently produce 1 million two wheelers. But this capacity can be raised by 50-70 percent without too much capital investment.
The four year old company also plans to export its newly launched motorcycles - Pantero and Centuro, to Sri Lanka, Bangladesh, South America, Africa, Southeast Asia and Central Asia.
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