Peugeot Scooters sold
Posted: Tue Oct 29, 2019 10:56 am
Will become 100% Mahindra owned and there are seven new bikes planned for launch in the next 2 years. With luck there'll be a new Satelis or equivalent.
https://www.motoringresearch.com/car-ne ... ndra-sale/
Mahindra Two Wheelers Europe is taking full control of Peugeot Motocycles (sic), with a 100 percent stake in the French company.
Mahindra had already acquired part of Peugeot’s motorcycle division: it bought 51 percent in January 2015.
Peugeot bikes will still be badged as such. Mahindra has a trade licence agreement with Peugeot to continue with the name. In fact, in spite of Mahindra buying out the bike division, there will still be a working relationship. Peugeot will continue working on motorcycles in ‘close co-operation with PMTC management and the Mahindra Group’.
The company’s base of operations will also remain in Mandeure, France. Over the next two years, seven new bikes are planned.
“This decision by the shareholders will ensure that Peugeot Motocycles benefits from the expertise of a significant global player in the two wheelers industry,†said Jean-Philippe Imparato, executive vice president of Peugeot Brand. “We at Peugeot will maintain our commitment through our utilisation of the Peugeot brand and extend our support to design and technological innovations.â€
https://www.motoringresearch.com/car-ne ... ndra-sale/
Mahindra Two Wheelers Europe is taking full control of Peugeot Motocycles (sic), with a 100 percent stake in the French company.
Mahindra had already acquired part of Peugeot’s motorcycle division: it bought 51 percent in January 2015.
Peugeot bikes will still be badged as such. Mahindra has a trade licence agreement with Peugeot to continue with the name. In fact, in spite of Mahindra buying out the bike division, there will still be a working relationship. Peugeot will continue working on motorcycles in ‘close co-operation with PMTC management and the Mahindra Group’.
The company’s base of operations will also remain in Mandeure, France. Over the next two years, seven new bikes are planned.
“This decision by the shareholders will ensure that Peugeot Motocycles benefits from the expertise of a significant global player in the two wheelers industry,†said Jean-Philippe Imparato, executive vice president of Peugeot Brand. “We at Peugeot will maintain our commitment through our utilisation of the Peugeot brand and extend our support to design and technological innovations.â€