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I hope Miguel did the right move going for a full gamble as a works rider of such a fickle machine. AFAIK, the Mahindra still is a logo on a Engines Engineering machine (which went in the past as by many other names - Italjet, Lambretta, and many more that I forgot in the meantime).
Anyway, he is still young and I am sure the contract might be interesting money-wise but I hope Miguel gets competitive machinery sooner rather than latter.