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  • 2 Post By Nithesh

Thread: Mahindra in talks to buy Peugeot's scooter business: xBhp News

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    Default Mahindra in talks to buy Peugeot's scooter business: xBhp News

    Mahindra has been in discussion with European manufacturer Peugeot to expand its scooter segment in India.

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    M&M has been engaged in a discussion with Peugeot for several months. The discussions revolve around sharing technology and a distribution tie-up across geographies, both in Europe and India and other emerging markets.

    "M&M's keen interest lies in vehicle platform, hybrid and electric technology and for Peugeot it may be to get a toe-hold into India through two wheelers at a relatively lower cost and expand later into the car segment. There is a growing market for premium twowheelers in the country and Peugeot scooters could be ideal fit for present and for the future,"
    According to a newswire agency the scooter business of PSA has been loss making for over a decade. In 2013, it sold 79,000 vehicles which was a gain of 8.2%. The unit employs nearly 500 people in France and 300 people at a joint venture in China.

    Back in Europe, Peugeot has been facing stiff competition from the European scooter leader Piaggio. At the end of 2012, PSA closed an engine plant for the scooter business concentrating production at a factory in Mandeure in eastern France.

    Part of its turnaround plan was the three-wheeled Metropolis, which was introduced last year. The original target of making 7,000 units a year has been scaled back to 4,000, reported the newswire.


    Source: Mahindra & Mahindra in talks to buy Peugeot's scooter unit: Report - The Economic Times

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    Default Re: Mahindra in talks to buy Peugeot's scooter business: xBhp News

    News Approved
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    Default Re: Mahindra in talks to buy Peugeot's scooter business: xBhp News

    This would give Mahindra a foothold and a well established dealer network in europe, and more importantly, a brand name under which it can sell its products in europe.

    And wasnt the Mojo tested anyway on european tracks and was supposed to be built to european standards.

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    Default Re: Mahindra in talks to buy Peugeot's scooter business: xBhp News

    but isn't mahindra already in some kind of colaboration with "SYM".

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    Default Re: Mahindra in talks to buy Peugeot's scooter business: xBhp News

    Everytime i see a Mahindra related news, its always "Mahindra wants to buy this, Mahindra wants to buy that".
    Khud se ek Mojo release kiya nahi jaata, ab sabko khareedne me lage hai.
    In english ^ translates to "Cannot afford to release Mojo on time, but can afford to buy everybody else".
    sambit and ryan.virgo like this.
    Got a $5 head? Get a $5 helmet.

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    Default Re: Mahindra in talks to buy Peugeot's scooter business: xBhp News

    Quote Originally Posted by Nithesh View Post
    Everytime i see a Mahindra related news, its always "Mahindra wants to buy this, Mahindra wants to buy that".
    Khud se ek Mojo release kiya nahi jaata, ab sabko khareedne me lage hai.
    In english ^ translates to "Cannot afford to release Mojo on time, but can afford to buy everybody else".
    I agree you on this part, even the centuro which they have launched is not good.

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    Default Re: Mahindra in talks to buy Peugeot's scooter business: xBhp News

    They need to strengthen their presence first in the Indian market. They can buy 'N' number of companies but what will matter is the quality of the products.

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