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India’s Mahindra interest in purchasing Pininfarina confirmed by investor


Pincar, the controlling shareholder of Italy’s independent design studio Pininfarina has recently confirmed that India's Mahindra & Mahindra has entered negotiations to purchase the automotive firm. According to data from Bloomberg, Pincar has a 76 percent stake in the company, and the Pininfarina family in turn owns the investment firm. The controlling shareholder said in a recent statement delivered to the ...
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Report – Italy’s Pininfarina could be acquired by India’s Mahindra
India's Mahindra & Mahindra has engaged in purchase negotiations with luxury car designer Pininfarina for the acquisition of a majority stake, according to three persons that have knowledge of the ...
Report – India’s Mahindra closing in on purchasing Sweden’s Saab
According to a recent report coming from the Financial Times, India's Mahindra & Mahindra is now on the verge of buying National Electric Vehicle Sweden (NEVS), the Chinese investment holding ...
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 ...
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 ...

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