Mahindra Two Wheelers Europe, a subsidiary of Mahindra & Mahindra Ltd., has been holding 51 percent of the French manufacturer Peugeot Scooters or then Peugeot Motorcycles since 2015. Now the two-wheeler department was completely taken over.
Mahindra takes over Peugeot Motorcycles
The renaming suggests that in the future not only scooters will be built. Already at the Eicma last year, the company had presented a motorcycle, the P2X. It will be interesting to see what will be shown this year.
With the acquisition, Mahindra would like to promote sustainable growth.