Mahindra & Mahindra Ltd.

BSE: 500520 | NSE: M&M
Large Cap | Automobiles - Passenger Cars
3083.50
-9.35 (-0.30%)
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M&M’s arm to acquire entire stake in Peugeot Motocycles

Date: 29-10-2019

Mahindra & Mahindra’s (M&M) subsidiary -- Mahindra Two Wheelers Europe is planning to acquire 100% ownership of Peugeot Motocycles (PMTC). This reaffirms the commitment of the Mahindra Group to the future growth of Peugeot Motocycles, headquartered in Mandeure, France.

Mahindra Two Wheelers Europe and the PMTC team have worked together on re-organizing and building the ‘Performance 2020’ plan which was unveiled in July 2018. It lays the foundation to strengthen the company’s operations and drive its future growth in core markets such as the G7 (Europe), while expanding into new geographies, including select Asian markets.

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.