Mahindra and CIE Automotive reap dividends of partnership forged 5 yrs ago

When Mahindra invested in CIE, the share price of the Spanish company was 6 Euros, it has climbed up to 32 Euros

Five years since Mahindra and Mahindra and CIE Automotive stitched a deal to create a large auto component firm with a global footprint, the strategy has paid off for both the companies in terms of operational and financial performance and market capitalisation. Having successfully integrated the businesses across the geographies, Mahindra CIE is now scouting for acquisition of auto component firms in India in a bid to plug some gaps in its product and customer portfolio said Hemant Luthra, non-executive chairman, Mahindra CIE.

While share prices of Mahindra CIE have risen 489 per cent, CIE Automotive has gained 515 per