Mahindra & Mahindra (M&M) has announced a joint investment of Rs 875 crore, along with external investors, in Classic Legends Pvt Ltd (CLPL), the owner of iconic motorcycle brands such as Jawa, Yezdi, and BSA. The investment, to be made over the next 2-3 years, aims to strengthen CLPL’s position in the premium motorcycle segment in India. External investors will contribute Rs 350 crore, while M&M’s investment will be Rs 525 crore. Following the investment, M&M will retain a 60% stake in CLPL. The move aligns with M&M’s strategy to bolster its presence in the premium two-wheeler market.