ADVERTISEMENT
GaadiKey
  • Car News
    • Maruti Suzuki
    • Hyundai
    • Mahindra
    • Tata
    • Toyota
    • Ford
    • Nissan
    • Honda
    • Volkswagen
    • Renault
    • Kia
    • MG
    • Skoda
    • Fiat
    • Datsun
    • Mercedes-Benz
    • Volvo
    • BMW
    • Audi
    • Jaguar Land Rover
    • Lexus
    • Ferrari
    • Lamborghini
    • Maserati
    • Pininfarina
    • Tesla
  • Bike News
    • Hero
    • Bajaj
    • TVS
    • Honda
    • Yamaha
    • Suzuki
    • KTM
    • Royal Enfield
    • Mahindra
    • Harley Davidson
    • Ducati
    • DSK Benelli
    • Indian
    • Kawasaki
    • Piaggio
    • Triumph Motorcycles
    • UM Motorcycles
  • Reviews
    • Bike Reviews
    • Car Reviews
  • Photos
  • About
  • Advertise
  • Contact us
No Result
View All Result
GaadiKey
No Result
View All Result
ADVERTISEMENT
Home Cars

Mahindra Acquires Pininfarina for USD 28 Million

Chethan Thimmappa by Chethan Thimmappa
November 23, 2018
in Cars, Mahindra
0
Pininfarina acquired by Mahindra (Tech Mahindra)
172
VIEWS
Share on WhatsappShare on FacebookShare on Twitter

Pininfarina acquired by Mahindra (Tech Mahindra)

ADVERTISEMENT

Mahindra Acquires Pininfarina for USD 28 Million

Tech Mahindra which is a subsidiary of popular firm Mahindra & Mahindra has confirmed that it has acquired Pininfarina Spa, the Italian car designing firm. Pininfarina is a well-known name in the industry for designing cars from popular brands like Ferrari, Maserati, Rolls-Royce & Cadillac. Sources reveal that Mahindra would be acquiring 76% stake in Pininfarina for USD 28 million.

Mahindra acquiring the Pininfarino has been in the news from last 2 years and the finally the designing firm has found that Mahindra is a suitable buyer. The announcement of Tech Mahindra as the lead company, instead of Mahindra & Mahindra has surprised many.

ADVERTISEMENT

Talking about the Tech Mahindra – Pininfarina deal – experts in this field has given their opinion that move to use Tech Mahindra as the vehicle to acquire Pininfarina is pretty significant, as it enables the Italian car design company to retain its well built, distinctive character, which could have not been the case if Mahindra & Mahindra had directly acquired it.

Pininfarina Ferrari Sergio Concept

The rivals of the car company in India and overseas may not have been very comfortable dealing with Pininfarina, if it was directly a subsidiary of Mahindra & Mahindra. Just not that, Tech Mahindra may have good synergies to offer in terms of design software. From couple of years, Pininfarina has been making losses its total net debt stood at $57 million in June 2015. It would be very interesting to see how Mahindra can make use of this acquisition in designing their cars in the coming days.

ADVERTISEMENT

Source: MotorOctane

SendShareTweet
ADVERTISEMENT
Previous Post

Skoda India to increase prices across its model range

Next Post

Upcoming cars in 2016 that are hatchbacks

Chethan Thimmappa

Chethan Thimmappa

I cover latest automobile news in India with special focus on cars and bikes. Please send me an email to reach@gaadikey.com for any enquiries.

Related Posts

Tata Motors launches a new ad for Ramadan 2021
Cars

Tata Motors launches a new ad for Ramadan 2021

by Chethan Thimmappa
April 15, 2021
0

Tata Motors, one of the world’s leading automotive manufacturers, announced the launch of its new marketing campaign on the occasion...

Read more
Audi Q4 e-tron and Q4 Sportback e-tron – First compact electric SUVs from Audi

Audi Q4 e-tron and Q4 Sportback e-tron – First compact electric SUVs from Audi

April 15, 2021
Citroen C5 X announced Globally

Citroen C5 X announced Globally

April 13, 2021
Renault Kiger Review – Is it better than Magnite?

Renault India sets new benchmark in rural outreach

April 13, 2021

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recent News

Bajaj Chetak EV Sold Out

Bajaj Chetak EV Sold out – Bookings open and close

April 15, 2021
Tata Motors launches a new ad for Ramadan 2021

Tata Motors launches a new ad for Ramadan 2021

April 15, 2021
Hero MotoCorp to hike price upto Rs 2500 from 1 April 2021

Hero launches sales & aftersales services on WhatsApp

April 15, 2021
1000 units of Honda H’ness CB350 Delivered in 20 Days

Honda 2Wheelers India announces its New Overseas Business vertical

April 15, 2021
2021 Bajaj CT110X

2021 Bajaj CT110X launched at Rs 55,494 – Gets ‘Xtra Kadak’ features

April 15, 2021
Royal Enfield Silent Expedition

Royal Enfield supports a Cross-country expedition (Bangalore to Uttarakhand)

April 15, 2021
Audi Q4 e-tron and Q4 Sportback e-tron – First compact electric SUVs from Audi

Audi Q4 e-tron and Q4 Sportback e-tron – First compact electric SUVs from Audi

April 15, 2021
Bajaj Pulsar NS160 breaks world record for longest no-hands wheelie

Bajaj Pulsar NS160 breaks world record for longest no-hands wheelie

April 15, 2021




Archives

Test Driven

2021 Royal Enfield Himalayan Review
Bike Reviews

2021 Royal Enfield Himalayan Review

March 8, 2021
Renault Kiger Review – Is it better than Magnite?
Car Reviews

Renault Kiger Review – Is it better than Magnite?

February 22, 2021
The Royal Enfield Meteor 350 Review
Bike Reviews

The Royal Enfield Meteor 350 Review

February 17, 2021
Citroen C5 Aircross Review – Comfort Car from France
Car Reviews

Citroen C5 Aircross Review – Comfort Car from France

February 15, 2021

Search this Website

No Result
View All Result

Archives

Recent Posts

  • Bajaj Chetak EV Sold out – Bookings open and close
  • Tata Motors launches a new ad for Ramadan 2021
  • Hero launches sales & aftersales services on WhatsApp
  • Honda 2Wheelers India announces its New Overseas Business vertical
  • 2021 Bajaj CT110X launched at Rs 55,494 – Gets ‘Xtra Kadak’ features

About

GaadiKey

GaadiKey blog is a one stop portal for all the latest in the automobile industry. We are a bunch of people who are passionate about bikes and cars. We share the experience, reviews and stuff connected to Gaadis.

© 2021 GaadiKey - Prime GaadiKey.

No Result
View All Result
  • Car News
    • Maruti Suzuki
    • Hyundai
    • Mahindra
    • Tata
    • Toyota
    • Ford
    • Nissan
    • Honda
    • Volkswagen
    • Renault
    • Kia
    • MG
    • Skoda
    • Fiat
    • Datsun
    • Mercedes-Benz
    • Volvo
    • BMW
    • Audi
    • Jaguar Land Rover
    • Lexus
    • Ferrari
    • Lamborghini
    • Maserati
    • Pininfarina
    • Tesla
  • Bike News
    • Hero
    • Bajaj
    • TVS
    • Honda
    • Yamaha
    • Suzuki
    • KTM
    • Royal Enfield
    • Mahindra
    • Harley Davidson
    • Ducati
    • DSK Benelli
    • Indian
    • Kawasaki
    • Piaggio
    • Triumph Motorcycles
    • UM Motorcycles
  • Reviews
    • Bike Reviews
    • Car Reviews
  • Photos
  • About
  • Advertise
  • Contact us

© 2021 GaadiKey - Prime GaadiKey.