Skip to content
Subscriber Only

Mahindra Said to Be Close to Purchase of Pininfarina

  • Final deal for Ferrari designer could be reached in days
  • Mahindra, Pininfarina said to be in talks over price, debt
Updated on

Mahindra & Mahindra Ltd., India’s largest maker of sport utility vehicles, is close to an agreement to purchase Italian car designer Pininfarina SpA, people familiar with the matter said.

After talks stalled months ago, the companies are now seeking to complete negotiations in the next few days, said the people, who asked not to be identified because the discussions are private. Mahindra and Pininfarina have yet to agree on the final purchase price as well as issues related to the designer’s debt, the people said.