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Two Wheelers

Sameer Contractor
Oct 30, 2019, 12:50 AM
Mahindra Two Wheelers Europe recently announced that the company will acquire 100 per cent ownership in the French two-wheeler maker Peugeot Motorcycles (PMTC). The Mahindra & Mahindra subsidiary originally acquired 51 per cent equity stake in Peugeot Motorcycles in January 2015 and has now announced that it will be investing a further 15 million Pounds (around Rs. 110 crore) in the brand towards product development. The investment is "set to drive future growth for Peugeot Motorcycles in core European markets and expand into new geographies, including select Asian markets," the manufacturer said in a regulatory filing. The Indian automaker plans to introduce seven new products under PMTC between 2019 and 2021.
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