<article><a style="color: #000080;" href="http://www.dealstreetasia.com/?s=Mahindra+and+Mahindra+Ltd">Mahindra and Mahindra Ltd</a> will acquire the stake it does not own in a two-wheeler joint venture with <a style="color: #000080;" href="http://www.dealstreetasia.com/?s=Peugeot+Motorcycles+SAS">Peugeot Motorcycles SAS</a> for Rs196 crore.</article>

<a style="color: #000080;" href="http://www.dealstreetasia.com/?s=Mahindra+and+Mahindra+Ltd">Mahindra and Mahindra Ltd</a> will acquire the stake it does not own in a two-wheeler joint venture with <a style="color: #000080;" href="http://www.dealstreetasia.com/?s=Peugeot+Motorcycles+SAS">Peugeot Motorcycles SAS</a> for Rs196 crore.
After the acquisition is completed, the venture Mahindra Two Wheelers (MTW) Europe Holdings will become a wholly-owned unit of Mahindra and Mahindra, the company said in a statement to the stock exchanges on Tuesday.
The acquisition will be completed in 30 days. The proposed buyout by Mahindra of its French partner comes two years after it acquired a 51% stake in MTW Europe. In October 2014, Mahindra said it would invest a total of €28 million (Rs217 crore) for the majority stake in the unit of the struggling French company.
Pawan Goenka, executive director and president of the farm equipment and auto sectors at M&amp;M called it a “strategic fit for the company” benefiting Mahindra from Peugeot’s product development, technology and styling capabilities. “It’s a fairly straightforward rationale,” he said.
It was to see M&amp;M embarking on a two-brand strategy, with scooters from the Peugeot stable aimed at the premium market and its own models at the mass commuter segment. Mahindra had plans to take Peugeot two-wheelers to other emerging markets, expanding the French brand’s presence from Europe, where it is presently confined and which accounts for 4% of global sales.
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<h4 style="text-align: justify;">This article was first published on <a href="http://www.livemint.com/Companies/ax40ALi7UrMmYslxZBmMSO/Mahindra-to-buy-out-Peugeots-stake-in-twowheeler-joint-ven.html">Livemint.com</a></h4>

Mahindra and Mahindra Ltd will acquire the stake it does not own in a two-wheeler joint venture with Peugeot Motorcycles SAS for Rs196 crore.

India: Mahindra to buy out Peugeot’s stake in two-wheeler joint venture

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India: Mahindra to buy out Peugeot’s stake in two-wheeler joint venture

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