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Private company

Mahindra Two Wheelers

Indian two-wheelers manufacturing company

Mahindra Two Wheelers Limited (MTWL) was a group venture owned by Mahindra & Mahindra (M&M), which manufactures scooters and motorcycles. Mahindra Two Wheelers Limited was founded in 2008, when Mahindra & Mahindra acquired the business assets of Kinetic Motor Company Limited. MTWL has partnered with Taiwan's Sanyang Industry Company (SYM) to help develop its scooter portfolio, and with Italy-based Engines Engineering for research and product design.2 Wikipedia text CC BY-SA 4.0

Last updated Oct 21, 2026.

Overview

  • Industryautomotive industry1
  • HeadquartersPune1
  • Legal formPublic Limited Company3
  • LEI335800P9VFGSD6K8DG683
  • StatusActive3
  • LEI statusLapsed (not renewed)3
  • Registered addressMahindra Towers, P. K. Kurne Chowk, 400018 Mumbai, India3
  • Registered withMinistry of Corporate Affairs, U35911MH2008PLC1854623

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Mahindra Two Wheelers Limited (MTWL) was a group venture owned by Mahindra & Mahindra (M&M), which manufactures scooters and motorcycles. Mahindra Two Wheelers Limited was founded in 2008, when Mahindra & Mahindra acquired the business assets of Kinetic Motor Company Limited. MTWL has partnered with Taiwan's Sanyang Industry Company (SYM) to help develop its scooter portfolio, and with Italy-based Engines Engineering for research and product design. In October 2016, Mahindra purchased BSA trademark for £3.4 million in an effort to reintroduce motorcycles bearing the famous BSA name.2

Corporate structure

Mahindra Two Wheelers is part of a group headed by Mahindra & Mahindra. 92 entities, 11 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

  • Mahindra & Mahindra Mumbai, India
    • Mahindra Group 100% · Mumbai, India
      • GenZe Subsidiary · Fremont
      • MAHINDRA AIRWAYS LIMITED Subsidiary · 100% · Mumbai, India
    • Mahindra Two Wheelers 100% · Pune, India
    • Mahindra & Mahindra Financial Services Limited 52.16% · Mumbai, India
      • MAHINDRA INSURANCE BROKERS LIMITED Subsidiary · Mumbai, India
      • MAHINDRA RURAL HOUSING FINANCE LIMITED Subsidiary · Mumbai, India
    • Mahindra Lifespace Developers 51.15% · Mumbai, India
      • ANTHURIUM DEVELOPERS LIMITED Subsidiary · Mumbai, India
      • MAHINDRA BLOOMDALE DEVELOPERS LIMITED Subsidiary · Mumbai, India
      • MAHINDRA WORLD CITY (JAIPUR) LIMITED Subsidiary · Jaipur, India
      • MAHINDRA WORLD CITY DEVELOPERS LIMITED Subsidiary · Chennai, India
    • MAHINDRA OVERSEAS INVESTMENT COMPANY (MAURITIUS) LTD Quatre Bornes, Mauritius
    • SML Mahindra Nawanshahr, India
    • Pininfarina Subsidiary · 76.06% · Torino, Italy
    • Tech Mahindra India Stake · 25.4% · Mumbai
    • FirstCry Stake · 10.27% · Pune, India
      • GLOBALBEES BRANDS PRIVATE LIMITED Subsidiary · New Delhi, India
        • JW BRANDS PRIVATE LIMITED Subsidiary · Bangalore, India
        • MERHAKI FOODS AND NUTRITION PRIVATE LIMITED Subsidiary · New Delhi, India
        • PLANTEX E-COMMERCE PRIVATE LIMITED Subsidiary · Ahmedabad, India
    • CIE Automotive Stake · 8.01% · Bilbao, Spain
      • CIE BERRIZ SL Subsidiary · Bilbao, Spain
        • CIE AUTOMOTIVE DE MEXICO SAPI DE CV Subsidiary · Celaya, Mexico
      • PARTICIPACIONES INTERNACIONALES AUTOMETAL DOS SL Subsidiary · Bilbao, Spain
    • KG Mobility Stake · 6.38% · Seoul
    • RBL Bank Limited Stake · 3.48% · Mumbai, India
    • MAHINDRA ACCELO LIMITED Subsidiary · 100% · Mumbai, India
      • MAHINDRA MIDDLEEAST ELECTRICAL STEEL SERVICE CENTRE (FZC) Subsidiary · Sharjah, United Arab Emirates
    • MAHINDRA AEROSPACE PRIVATE LIMITED Subsidiary · 100% · Kolar, India
    • MAHINDRA DEFENCE SYSTEMS LIMITED Subsidiary · 100% · Mumbai, India
    • 쌍용자동차(주) Subsidiary · 72.46% · Pyeongtaek-si, South Korea
    • BRISTLECONE INDIA PRIVATE LIMITED Subsidiary · Mumbai, India
    • MAHINDRA AEROSTRUCTURES PRIVATE LIMITED Subsidiary · Kolar Taluk, India
    • MAHINDRA AGRI SOLUTIONS LIMITED Subsidiary · Mumbai, India
    • Mahindra and Mahindra South Africa (Pty) Ltd Subsidiary · Centurion, South Africa
    • MAHINDRA AUTO STEEL PRIVATE LIMITED Subsidiary · Mumbai, India
    • MAHINDRA ELECTRIC AUTOMOBILE LIMITED Subsidiary · Mumbai, India
    • MAHINDRA EPC IRRIGATION LIMITED Subsidiary · Nashik, India
    • MAHINDRA FIRST CHOICE WHEELS LIMITED Subsidiary · Mumbai, India
    • MAHINDRA FRUITS PRIVATE LIMITED Subsidiary · Mumbai, India
    • and 12 more

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries, stakes and holdings from Wikidata (CC0). Each entity in the chart links to its source.

Subsidiaries and ownership

Parent company (GLEIF)

Ownership links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); each one cites its LEI record.

Timeline

  1. Aug 5, 2008Parent Directly consolidated by Mahindra & Mahindra3
  2. Aug 5, 2008Founded Mahindra Two Wheelers is founded3

Sources

The numbers on this page point here. Each one links to the record it came from.

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  3. 3