Kinetic to invest Rs 30 crore in Mahindra Two Wheelers Pvt Ltd
Pune-based two-wheeler manufacturer Kinetic Motor has announced that it will invest up to Rs 30 crore in Mahindra Two Wheelers Pvt. Ltd., to buy 2.95 crore equity shares of the latter. Kinetic took this decision during its extraordinary general meeting held yesterday.
Kinetic's EGM also approved an increase in its authorized share capital from the current Rs 88.56 crore to Rs 93.56 crore, by creation of new five lakh redeemable cumulative preference shares of Rs 100 each.
[Via: Indiaautomotive]
Bajaj Platina 125 DTS-Si Launched!!
Bajaj Platina 100cc was introduced in the year 2006 and was based on CT-100. It was categorized in the entry-level segment . The bike was introduced into the markets as the cheapest bike of its segment that competed with Hero Honda. And now Bajaj has unveiled the 125cc version of its bread and butter model. The 125cc unit is the same as present in the XCD and sports Bajaj trademark Exhaus-Tec technology.
Additional Features in Bajaj Platina 125 DTS-Si:
1. 125 cc DTS-Si engine
2. 111 kmpl Mileage (Claimed)
3. Ride Control Switch
4. Electric Start
5. Auto Choke
6. Maintenance Free Battery.
7. Anti-Friction DU Bushes in the front fork.
8. SNS Suspension.
9. Twin Pilot Lamps
The new Platina 125 is available in four attractive colours.
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