India based Mahindra & Mahindra Ltd, through its subsidiary Mahindra Two Wheelers Europe, to acquire 100% stake in Peugeot Motocycles (PMTC).
Details provided below:
- Peugeot Motocycles, headquartered in Mandeure, France.
- After this deal seven new products to be introduced between 2019 and 2021
- Rajesh Jejurikar, President FES & two wheelers, Mahindra & Mahindra Ltd., said: We are seeing positive momentum at Peugeot Motocycles. Kisbee becoming the largest selling 50cc vehicle in Europe, Peugeot Metropolis getting stronger in Europe and China, the positive market response to the new launch of the Urban GT connected Pulsion, are all cases in point. We fully support PMTCs Performance 2020 and look forward to the future with enhanced optimism.