Mahindra & Mahindra is aiming to see a double-digit growth in two wheelers in

RELATED ARTICLES M&M Q3 standalone net down 9.8% at Rs 662.15 cr TVS to invest Rs 400 cr in Bengal unit, to ramp up capacity

the next five years and would also look for some acquisitions to achieve this, said Anoop Mathur, President two-wheeler sector.

According to him, as part of the $6.3 billion M&M Group, they always look for opportunities to grow.

The group philosophy is to grow faster by grabbing opportunities. We are part of the group and not exempted from that. We are looking for opportunities that would help us grow faster, Mathur told PTI in an exclusive interview.

The senior executive was here to participate in Mahindra Blue Chip Conference, a two-day brain storming session of top executives for all arms of Mahindra group.

However, he declined to comment on a query if the company was holding discussions with any group for acquisition.

Talking on future trends, he said the industry has been growing at 22 per cent to 23 per cent annually and the company has an excellent opportunity to become one of the top players in the industry.

Mahindra's brand value coupled with marketing opportunities and our hard work would surely help us achieve our goals, Mathur said.

The two-wheeler arm of M&M group started retailing gearless scooters from September last year and crossed 10,000 mark last month, averaging sales of around 7,000 units a month. The company targets sales of 15,000 units per month by April.