Mahindra Looks For Majority Stake In Peugeot… Scooters
Indian giant Mahindra has made an offer this week for a 51 percent stake in Peugeot – but it’s not what you may be thinking. Both Mahindra and Peugeot also build scooters, under in-house operations that carry slightly different names to thei
Indian giant Mahindra has made an offer this week for a 51 percent stake in Peugeot - but it’s not what you may be thinking.
Both Mahindra and Peugeot also build scooters, under in-house operations that carry slightly different names to their respective carmaking businesses.
So it’s effectively Mahindra Two Wheelers looking to purchase a stake in Peugeot Motorcycles, but each is owned by Mahindra & Mahindra and PSA Peugeot Citroen respectively.
A report by Business Standard quotes a 13 million euro (AU$18.9 million) offer from Mahindra for the 51 percent stake, along with a 15 million euro (AU$21.8 million) commitment for future product development.
Mahindra’s likely motivation for acquiring a majority stake in Peugeot would be to access the latter’s arguably superior technology and styling skills, while also giving Mahindra a vastly-improved market ‘reach’.
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