Mahindra 2 Wheelers of the Mahindra Group declared on Thursday that it will be entering into the motorcycle sector. It has launched a 106.7 cc Stallio and also displayed a 300 cc Mojo which is expected to be launched in India within January.

The Stallio has its cost is marked at Rs 44, and it is an absolutely new product manufactured together by M&M, Engines Engineering and a Chinese company.

Meanwhile, the Mojo is also an absolutely new product and M&M and Engines Engineering have together done its engineering. Its cost is Rs 1.75 lakh.

Both the motorcycles are slated to be exported abroad soon after they have been launched in India. About Rs 20-25 crore has been invested for the development of each of the motor cycles.

The company is planning to do most of the exports to neighboring SAARC countries, Latin America and Africa.

The company feels that M&M’s entry into the motorcycles segment will be like a gateway to Mahindra Universe. According to them, customers going for their motorcycles will get drawn to buy their utility vehicles also.