Please Tell Us Your City

Knowing your city will help us provide relevant content to you.

Sorry! No matching results found. Try again.Error Identifying Your Location.

Log in to CarWale

Please enter your password
Forgot password?
Please enter your registered email

Sign up to CarWale

Please enter your name
Please enter your mobile number
Please enter your password
Please enter your password

Mahindra closing in on Pininfarina bid

April 23, 2015, 01:53 PM IST by Pratheek Kunder
Mahindra closing in on Pininfarina bid

Few weeks ago, we reported about a possible acquisition of Pininfarina by Mahindra. However, both the companies refused to share any information about this development, until now.

The chairman of Pininfarina, Paolo Pininfarina recently hinted about a possible tie-up with the Indian manufacturer. He said that the official news might come out after Mahindra submits a formal bid for the Italian brand by April 29.

"We don't rule out that there will be news soon, but we are not confirming it," said Paolo Pininfarina.

As per sources, Mahindra's offer was expected to have the backing of Pininfarina's controlling shareholder Pincar that has a 76 per cent stake in the company. The offer would still need to be approved by Pininfarina's creditor banks.

Over the last few years, Mahindra has been strengthening its portfolio in order to have an edge over other manufacturers. The company has already been working with Pininfarina for some of its vehicle design, but with this acquisition, Mahindra might hit the right chord and at the same time we might see a radical design change in future Mahindra vehicles. 

Show CommentsHide Comments
  • Upcoming Cars

Tata HarrierTata Harrier

Jan 2019

16L - ₹ 22L
Tata 45XTata 45X

Mar 2019

8L - ₹ 10L
Nissan KicksNissan Kicks

Jan 2019

10L - ₹ 15L
Maruti Suzuki Wagon R FaceliftMaruti Suzuki Wagon R Facelift

Jan 2019

4L - ₹ 6L
Kia SPKia SP

Jul 2019

14L - ₹ 20L
All Upcoming Cars
Ask the experts1800 2090 230Mon-Fri (9 AM - 8 PM)
Sat (9 AM - 5:30 PM)
Sun (9 AM - 7 PM)
Toll free

Select your city to avail offers

Currently available only in