| 1:52 PM EST

Mahindra Buys Out Peugeot Motorcycles

A European subsidiary of India's Mahindra & Mahindra Ltd. has agreed to buy the remaining 49% of Peugeot Motorcycles it didn’t already own.  
#Peugeot #Mahindra #europe

Share

Facebook Share Icon LinkedIn Share Icon Twitter Share Icon Share by EMail icon Print Icon

A European subsidiary of India's Mahindra & Mahindra Ltd. has agreed to buy all remaining shares of Peugeot Motorcycles, which makes a range of two- and three-wheel scooters and motorcycles, that it didn’t already own from PSA Group.

Mahindra Two Wheelers Europe, which acquired a 51% stake in Peugeot Motorcycles in early 2015, produces the new Peugeot E-Ludix electric scooter (pictured). Other models include the Metropolis 3-wheeler.

The Peugeot name will continue to appear on future motorcycles and scooters made by Mahindra.

Peugeot Motorcycles, whose origins date back to 1897, has been losing money for several years.

Last year, Mahindra and Peugeot announced plans to launch seven new models by 2021. In addition to Europe, Peugeot Motorcycles aims to expand its presence in China and other Asian markets.

Related Topics

RELATED CONTENT

  • Suzuki Refines Hayabusa Engine

    When Suzuki developed the GSX1300R, it set out to build the fastest mass-production motorcycle on the market. As competitors gained ground and stringent emission regulations were set, Suzuki set out to reinvent the bike.

  • Nio Plant Venture Lands $1.5 Billion Investment

    Chinese electric-car startup Nio Inc. is forming a manufacturing joint venture with Beijing E-Town International Investment and Development Co., which is investing 10 billion yuan ($1.5 billion) in the business.

  • The Changing Definition of 'Niche Vehicles'

    Once the playground of exotic car makers, the definition of a niche vehicle has expanded to include image vehicles for mainstream OEMs, and specialist models produced on high-volume platforms.