Mahindra and Mahindra’s share of the two-wheeler market in 2018-19 was not worth calculating. That year, 21.2 million two-wheelers were sold in India, to which M&M’s contribution was 4,004 motorcycles.
At that time, M&M, having acquired Kinetic Motors in 2008, was selling commuter bikes, the none-too-fancy vehicles used for daily trips from home to the workplace. This market was – and is – under the stranglehold of Hero MotoCorp and Honda.
“We should have never gone to the commuter bike side,” Anand Mahindra, M&M’s Chairman, said in December 2019, at an event organised by British air carrier Virgin Atlantic with