M&M aims double-digit growth in two-wheelers business

M&M aims double-digit growth in two-wheelers businessMahindra & Mahindra (M&M) is aiming to reach a double-digit growth in its two-wheeler business in the next two years. Mahindra & Mahindra (two-wheeler sector), President, Anoop Mathur has informed to the media that the company is growing and will continue to grow.

In the two-wheeler segment, Mahindra & Mahindra is going to be a strong brand. The company is also looking for exploring inorganic growth route for expansion and growth. He has also revealed that the company is keen on getting a double-digit growth in the next two years.

Faster growth has become the prime objective of the two wheeler maker. Earlier, Mahindra & Mahindra had taken over two of the popular brands of Kinetic Motor in the year 2008.

So far as the company's present status in the market is concerned, it has come up with three new brands in the 125cc scooters and two in the power scoter segment. The three scooters are Mahindra Rodeo for male and Duro for family and Flyte for female users. The company has sold around 70,000 scooters in 2010 and targeting to increase the sales figure in future.