Mahindra in talks to buy Peugeot’s scooter unit

Monday, 22 September 2014 00:00 - - {{hitsCtrl.values.hits}}

Reuters: Mahindra & Mahindra Ltd, India’s largest utility vehicle maker, is in advanced talks to buy PSA Peugeot Citroen’s scooter business, Bloomberg reported last week, citing three unnamed sources familiar with the matter. An announcement may be made soon, Bloomberg reported, citing two of the people. A PSA spokesman declined comment. A Mahindra spokesman said the company would not comment on market speculation. French carmaker Peugeot had denied reports in the Times of India newspaper in August of a partnership with Mahindra to share technology, and production facilities in France and India.

Discover Kapruka, the leading online shopping platform in Sri Lanka, where you can conveniently send Gifts and Flowers to your loved ones for any event including Valentine ’s Day. Explore a wide range of popular Shopping Categories on Kapruka, including Toys, Groceries, Electronics, Birthday Cakes, Fruits, Chocolates, Flower Bouquets, Clothing, Watches, Lingerie, Gift Sets and Jewellery. Also if you’re interested in selling with Kapruka, Partner Central by Kapruka is the best solution to start with. Moreover, through Kapruka Global Shop, you can also enjoy the convenience of purchasing products from renowned platforms like Amazon and eBay and have them delivered to Sri Lanka.