Tag Archives: Peugeot scooter unit

Mahindra to buy controlling stake in Peugeot scooter unit

October 09, 2014   Guest Author

Photo taken on November 28, 2013 shows Peugeot Metropolis motorcycles parked in a at the factory of the French car and motorcycle maker PSA Peugeot Citroen in Mandeure, eastern France. AFP PHOTO / SEBASTIEN BOZON

By James Crabtree and Avantika Chilkoti

India’s third largest carmaker by sales,  Mahindra & Mahindra, on Tuesday said it had signed a binding agreement to buy 51 per cent of Peugeot Motorcycles, the French car manufacturer’s motorcycle unit.

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