Mahindra & Mahindra to fully acquire France's Peugeot Motocycles

Mahindra & Mahindra on Friday announced that it will take 100% ownership of France-based Peugeot Motocycles. Mahindra had acquired a 51% stake in the two-wheeler manufacturer from carmaker PSA Group in January 2015. The Peugeot brand will continue to be used in the future, with Peugeot Motocycles set to introduce seven new products between 2019 and 2021.