Auto major Mahindra & Mahindra today said it will foray into the motorcycle segment

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with a full range of products by this year even as it will take a final call on continuation of its joint venture with French car maker Renault within the next 45 days.

"We do have a plan to get into the motorcycle segment. This will happen this year," Mahindra & Mahindra Vice-Chairman and MD Anand Mahindra told reporters on the sidelines of an event organised by auto industry body SIAM here.

"We are going to be a full range player. We are simply not going to come out with one motorcycle product," he added.

When asked about the status of its 'one-product' joint venture with Renault, Mahindra said, "We will be coming out with a statement within 30-45 days (on) how the Mahindra and Logan venture will continue in the future, what is the roadmap."

M&M has a joint venture with Renault--Mahindra Renault Pvt Ltd--which manufacture the only product Logan in India.

Renault has recently announced to set up its own distribution network to sell the products which will be manufactured from the upcoming Chennai facility, being constructed with Japanese partner Nissan.

In the last one year, sales of Logan has fallen drastically and the JV currently sells about 550 units per month.