Mahindra to acquire 100% stake in Peugeot Motocycles

On 25 October 2019

Mahindra & Mahindra announced its subsidiary, Mahindra Two Wheelers Europe will acquire 100% ownership of Peugeot Motocycles (PMTC). This reaffirms the commitment of the Mahindra Group to the future growth of Peugeot Motocycles, headquarterd 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. Moreover, it lays 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.

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