Mahindra & Mahindra Ltd.

Mahindra & Mahindra (M&M) has agreed to acquire the European two-wheeler subsidiary company of Mahindra Two Wheelers for euro 26.3 million (about Rs 197 crore). The company has agreed to acquire 14.9 million equity shares aggregating 100 percent of share capital of Mahindra Two Wheelers Europe Holdings (MTWL-Europe), a subsidiary of M&M. MTWL-Europe holds investment in a two-wheeler company in Europe which is Peugeot Motorcycle SAS.

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.