Peugeot Motocycle To Be Wholly Owned by Indian M&M Group

MANDEURE, France - Last Friday the French PSA Group (Peugeot – Citroen’s automotive business) announced that Mahindra Two Wheelers Europe will acquire the remaining 49 percent of Peugeot Motocycle (PMTC). Five years ago, this company took over a majority shareholding in the French scooter maker for 15 million euro. What PMTC is now to pay for the remaining 49 percent of the shares has not been disclosed.