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Report – PSA in talks with Mahindra for scooter unit sale


Sources that have knowledge of the plans have reported to Bloomberg that Indian maker Mahindra & Mahindra is in advanced negotiations to acquire PSA Peugeot Citroen’s scooter business. India’s largest producer of tractors and sport-utility vehicles looks set to expand its reach towards the very lucrative scooter market while PSA Peugeot Citroen’s CEO Tavares seems eager to streamline the business of ...
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Report – Mahindra in alliance talks with PSA and NEVS
Indian carmaker Mahindra & Mahindra is reportedly exploring alliance opportunities with PSA-Peugeot-Citroen and the Saab brand owner, NEVS. The Indian newspaper Economic Times reported that Mahindra is taking into account partnerships ...
PSA dismisses Mahindra talks
After Fiat Chrysler Automobiles was not long ago the target of two consecutive tie-up rumors, the news has swung this week towards France’s PSA Peugeot Citroen. The European carmaker, the second ...
India’s Mahindra conquers the US metro Detroit
Mahindra & Mahindra, the Indian manufacturing conglomerate with implications in the automotive and motorbike industry, has set up its US expansion by opening an engineering center and a manufacturing plant ...
Report – Mahindra of India plans UK R&D center
As India’s biggest SUV brand continues its aggressive international expansion, carmaker Mahindra & Mahindra now announced plans to build a development centre in the UK. According to two sources inside the ...
Indian Army Might Replace the Maruti Gypsy With a Tata, Mahindra or Nissan Model
The Indian army announced it plans to replace its aging Maruti Gypsy 4x4 models. The army has already invited prototypes of SUVs from Tata Motors, Mahindra & Mahindra Limited and Nissan, ...
India Auto Sales in March Kept Up by SUV Sales
March auto sales in India were affected by the economy’s slowdown, but sales of SUVs continued to surpass those of other segments. Tata, which is the biggest automaker by sales in ...
Mahindra to invest €55 million in SsangYong to help it build small crossover
Mahindra's Ssangyong Motor announced that a board of directors’ meeting on Thursday had approved a paid-in capital increase of KRW 80 billion (€55 million) to raise investment funds. SsangYong will issue ...
Indian Dacia Logan, Mahindra Verito, hatchback rendered – to be launched in March
The very first image with the Mahindra Verito hatchback, the Indian version of the Dacia Logan, has hit the web and it might offer us a first glimpse into a ...
Geely and Toyota Interested in Buying Aston Martin
After buying Volvo, Geely is interested in purchasing Aston Martin too, starting a competition with Toyota. Ford purchased Aston Martin in 1987 and then sold it to Investment Dar Inc, a ...

latest automotive news
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