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      SYM plans to borrow technology from its Indian partner, Mahindra

      CarTrade Editorial Team

      CarTrade Editorial Team

      SYM Motors, based in Taiwan, is looking forward to source technology from its Indian partner, Mahindra & Mahindra. This initiative is the first of its kind in the Indian auto industry as generally Indian makers enter into joint venture with foreign players to source expertise from them.

      The associate partner of the domestic auto manufacturer is impressed with Mahindra’s product innovation and frugal engineering potential and thus, is eyeing to source the same from India. Addressing the causes for success, Anand Mahindra, Vice-Chairman and Managing Director, M&M, quoted, “SYM is still our alliance partner. They are thrilled with the Rodeo RZ and are looking for technology flow the other way. We are still using their engine configurations, but they are looking at us as a source of technology too.”

      When the domestic player gained possession of Kinetic Engineering, it entered into an alliance with SYM for technical prowess. The reverse movement of technology is mainly due to a new innovation focus by the Mahindra Group, headed by XUV, which the $15.4 billion group is now incorporating among all of its business enterprises.

      Senior officials of Mahindra said, “After XUV, we are convinced of the more-for-less mantra in product development and we would like to plug into M&M's innovation ecosystem to come up with something similar in two-wheelers as well. We've proved that we can do it in the automobile business and we are sure we can work it in two-wheelers too.”

      During the initial stages, the two-wheeler business of company witnessed some average times. Mahindra Stallio, launched in October 2010, was forcefully withdrawn by the auto maker because of glitches in clutch and gearbox components. The issues revealed the need of setting up a state-of-the-art two-wheeler research and development centre, wherein the company invested a sum of around Rs. 100 crore. Reportedly, the company will invest a total of Rs. 500 crore in the next five years. The doors of Mahindra’s R&D centre, based in Pune, were opened by Anand Mahindra on Wednesday.

      The official further quoted, “This signifies that far from being discouraged by the Stallio experience, we've redoubled our commitment by creating a strong R&D centre that will leverage all the strengths of M&M's mobility ecosystem for the two-wheeler sector.”

      PS Ashok has been now shifted to M&M's head of the two-wheeler R&D from company’s automotive R&D centre. He further added, “M&M is open to tie-ups in the two-wheeler space but there's nothing on the anvil right now. In all segments, except utility vehicles, we are open to tie-ups.”

      The fresh investment made by the auto maker in Pune is considered as the third largest of such kind in the Indian two-wheeler industry. On the other hand, Hero MotoCorp is also busy in establishing a R&D facility post its split from Honda. Analysts believe that Mahindra’s shift in focus towards innovation will certainly take the company to new heights, making its presence felt in the international market.

      Mahindra