Fri, Oct 12, 2018
Luna, which was meant as a vehicle between bicycle and motorcycle, was launched in the early 1970s was ubiquitous on the country’s roads till the 1990s. Later, Kinetic Honda (JV with Japan’s Honda Motors) became a money generating product for the company during the 90s. Kinetic Group, headed by Firodia, which later parted with its joint venture partner Honda Motors in 1998, further sold a majority stake to Mahindra & Mahindra (M&M) in 2008, giving the latter an entry into the two-wheeler segment.
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