Mahindra Two Wheelers Limited (MTWL) was established in 2008 after the parent company Mahindra & Mahindra Limited acquired select assets of Kinetic Engineering. Headquartered in Pune, Maharashtra, it is a group venture owned by M&M and is known for manufacturing scooters and motorcycles. For the development of its scooter line-up, MTWL partnered with Taiwan based Sanyang Industry Company (SYM) and Italy-based ‘Engines Engineering’ which provides research and product design based support. The company has a production unit at Pithampur, Madhya Pradesh and a research & development centre at Chinchwad, in Pune. Mahindra Two Wheeler launched its first two models in scooter segment, Rodeo and Duro in September 2009. In 2011, MTWL became the first Indian company to participate in FIM Moto3, Motorcycle Racing Championship. Mahindra Two Wheelers launched one of its crucial models in the 110cc bike segment, Centuro in July 2013 followed by its game-changing model, Mojo in 2015.