re: Mahindra acquires 51% stake in Peugeot Motocycles: xBhp News

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re: Mahindra acquires 51% stake in Peugeot Motocycles: xBhp News

They have got some peugeot scooters in their factory, one of them is a three wheeler. Dont have more details

re: Mahindra acquires 51% stake in Peugeot Motocycles: xBhp News

More details:


The 400 cc Metropolis scooter is the 3 wheeled one (last entry in image).

EDIT: Mods, kindly fix whatever is going wrong with image uploads. The image gets replaced by \\\\\\\"//////\\\\\\\" text.

re: Mahindra acquires 51% stake in Peugeot Motocycles: xBhp News

[MENTION=13161]tanay[/MENTION] nice, I saw the pictures, one of my relatives who works for mahindra showed it to me.

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[MENTION=13161]tanay[/MENTION] nice, I saw the pictures, one of my relatives who works for mahindra showed it to me.

re: Mahindra acquires 51% stake in Peugeot Motocycles: xBhp News

Mahindra Two Wheelers today completed the 28 million euro acquisition of 51 per cent stake in Peugeot Motocycles (PMTC), a part of the euro 54 billion France-based PSA Group.

Under the terms of the agreement, Mahindra Two Wheelers Ltd (MTWL) has infused euro 15 million into PMTC to finance projects implemented through the strategic partnership and has also bought shares held by PSA which would allow MTWL to take a 51 per cent stake in PMTC.

Commenting on the completion of the acquisition, Mahindra & Mahindra Executive Director, Pawan Goenka said, the company is committed to the long-term growth of Peugeot Motocycles and are confident that this relationship would be one of mutual respect, trust and learning.

\\\\\\\\\\\\\\\"This partnership would enable both MTWL and PMTC to speed up their international expansion by driving synergies and leveraging respective strengths. It is our intention to work closely to enable a win-win for both partners,\\\\\\\\\\\\\\\" he added.

The Mumbai-based firm had announced to acquire stake in PMTC in October last year.

\\\\\\\\\\\\\\\"The acquisition, which resulted in the satisfaction of all regulatory, legal and financial conditions of the agreement, was completed smoothly by both parties within a very short span of time,\\\\\\\\\\\\\\\" the company said.

As part of the employee dialogue process and Anti-trust law, the Works Council consultation process has also been successfully completed, it added.

The new board of PMTC has been formed with Mahindra\\\\\\\\\\\\\\\'s Goenka, V S Parthasarathy and Rajesh Jejurikar being a part of it. From PSA, Maxime Picat, Chief Executive Officer, Peugeot Brand and Emmanuel Delay, Executive Vice President, Operational Director, India-Pacific are part of the board.

PMTC, a key player in urban mobility in Europe for 116 years, is the oldest motorised two-wheeler manufacturer in the world.

It offers a range of scooters and mopeds, from 50cc to 400cc, including the three wheeled scooter - Metropolis - in the European market.

Source: Mahindra completes 51% stake acquisition in Peugeot Motocycles - The Economic Times

Re: Mahindra acquires 51% stake in Peugeot Motocycles: xBhp News

Mahindra is going international. Literally.

Re: Mahindra acquires 51% stake in Peugeot Motocycles: xBhp News

I\'d much rather they go international with a completely indigenous product. No knockoffs, no tech sharing, no rebadging, just hire all the resources locally and showcase our ability to the world.