The motorcycle comes with various features like advanced electronic fuel ignition, iridium spark plug, resonator fitted intake system and twin exhausts.
It also has a 21-litre fuel tank, the largest in its class.
"It has been developed in-house, with inputs from global partners and is designed to be at par with global products in this class. Mojo leverages deep consumer insights to serve many distinct needs of passionate biking enthusiasts," Executive Director, M&M, Pawan Goenka said in a statement.
"The company is overwhelmed with the response so far from both experts and customers," said President & Chief Executive – Farm Equipment & Two Wheeler Division, M&M, Rajesh
"We are happy to announce the creation of the Mojo Tribe, a community of Mojo owners which will ride on exhilarating long rides together," he added.
The company said the price of the bike is valid for all bookings till this Diwali and online bookings would start tomorrow.