Mahindra & Mahindra Ltd.

Mahindra & Mahindra (M&M) is reportedly in talks with French automobile major Peugeot for a strategic alliance that will involve technology sourcing, mutual sharing of production capacity in France and India as well as significant investments.

The tie-up talks include a facility swap across two continents between the auto majors. In others words, if the alliance works out, M&M will allow Peugeot to use its production facilities in India, for an Indian debut.

Similarly, Peugeot will allow Mahindra to use one of its plants in Europe for a more local European production presence. The tie-up may also include Mahindra sourcing engine technology, particularly diesel engine and diesel-hybrid technology, from Peugeot for its next-generation platforms.

Mahindra & Mahindra (M&M) is the flagship company of the Mahindra Group, a multinational conglomerate based in Mumbai, India. Amongst the various business interests of its parent group, the company is mainly involved in the automobile manufacturing. It is one of the leading auto companies of India.