Thursday, 5 July 2012

Mahindra Two Wheelers opens Rs 100-crore R&D centre




Mahindra Two Wheelers, a part of the USD 15.4 billion Mahindra Group, today inaugurated its Rs 100- crore research and development (R&D) centre here, claimed to be the third largest of its kind in India.

The centre which will be further strengthened with an additional investment of Rs 500 crore in the next five years, will enable Mahindra two wheelers to undertake in-house design and development of engine technology for its motorcycles, said Mahindra Group Vice Chairman & Managing Director Anand Mahindra.

"The new dedicated facility, home to over 175 engineers and designers, will enable us to harness the technology of the future to create tomorrow's products. It will allow us to design in India for the discerning Indian consumer. The micro hybrid technology developed for the new Duro DZ is a clear validation of the value it offers the business," he said speaking at the inaugural function at Akurdi, near here.The company also unveiled two brand new engines developed at the facility which includes an indigenously developed and tested 110 cc engine and a 300 cc liquid-cooled engine.

Mahindra two wheelers was also set to launch three new motorcycles in this financial year, Mahindra Two Wheelers President Anoop Mathur said.Stating that the two wheeler sector was no more a declining industry, Anand Mahindra said there was a sizable opportunity for the company to target a revenue of Rs 20,000 crore by 2020.

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