Deals
Mahindra to Buy 51% in Peugeot Motocycles in Scooter Push
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Mahindra & Mahindra Ltd. offered to buy a 51 percent stake in French carmaker PSA Peugeot Citroen’s scooter business, giving the Indian tractor manufacturer access to European technology to expand in the models.
The Mahindra Two Wheelers Ltd. division will invest 15 million euros ($18.9 million) in Peugeot Motocycles (PMTC), the Mumbai-based company said today in a filing.