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.

We won't support this browser soon. For a better experience, we recommend using another browser. Learn More


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. 

  • FaceBook Logo
  • Twitter Logo
  • Email Logo
Show CommentsHide Comments
bell icon
Never miss an update
Receive latest updates from CarWale
  • Upcoming Cars

Tata Nexon EVTata Nexon EV

28th Jan 2020

15L - ₹ 17L
Mercedes-Benz GLE NewMercedes-Benz GLE New

29th Jan 2020

65L - ₹ 80L
Land Rover New Range Rover EvoqueLand Rover New Range Rover Evoque

30th Jan 2020

53L - ₹ 70L
Lexus LC 500hLexus LC 500h

31st Jan 2020

1.60Cr - ₹ 2Cr
Kia CarnivalKia Carnival

5th Feb 2020

25L - ₹ 27L
All Upcoming Cars
Buying a new Car?Leave a missed call1800 2090 230(Toll free)

Select your city to avail offers

Currently available only in