Mahindra & Mahindra is reportedly interested in buying PSA Peugeot Citroen’s two-wheeler scooter business.
A Bloomberg report, citing anonymous sources, said that discussions are at an advanced stage with an announcement expected soon.
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The report added that the acquisition of Peugeot Motocycles would give Mahindra, also a scooter manufacturer, access to more advanced technologies.
The report also suggested that the sale of the loss-making scooter division would also be part of PSA CEO Carlos Tavares’ efforts to turn the business around.
