- Mahindra & Mahindra revealed that it is giving German company Mutares an 80% ownership in its French subsidiary Peugeot Motocycles.
- The statement read, “Mutares has presented an irrevocable binding offer to purchase 50% of equity and a controlling stake of 80% in Peugeot Motocycles.”
- For the benefit of upcoming product launches and the anticipated expansion, Mahindra will continue to be a co-shareholder.
