Bike RPM

Mahindra to acquire stake in Kinetic Motor

Mahindra & Mahindra is planning to acquire a 76% stake in two wheeler maker Kinetic Motor Company for an estimated 120 crore rupees, for which it has signed up a term sheet and was doing due dilligence, sources have reported. The deal could frutify in the next two months. Kinetic Motor’s Managing Director Sulajja Firodia declined to comment on it, saying this is completely speculative.

Kinetic Motor company is seeking fund infusions to the tune of Rs. 125 Crores and is looking at both financial institutions and staretegic investors, which would help the company to return to profit.

Tags: bikes, cars, kinetic, mahindra, stake

Yamaha R15 & FZ 150

Video of Yamaha YZF R15 & FZ 150 shot at Auto Expo 2008.

Tags: 2008, auto, expo, fz, new, r15, video, yamaha, yzf

MOTOGP 2008

The Le Mans circuit saw another brilliant MotoGP race in which The Doctor ‘Rossi’ equalled Angel Nieto’s record of 90 career victories by winning the race. It was an all Yamaha podium finish, with Jorge Lorenzo of FIAT Yamaha coming in second, riding with a broken ankle and other injuries. It was quite a sight to see him sitting on the podium on a chair. Colin Edwards of Tech 3 Yamaha Racing Team came in third.

Tags: 2008, motogp, race, sports, superbikes