Tuesday, May 20, 2008

Indian carmaker, M&M may buy stake in MV Agusta

From Left: Anand Mahindra, owner of the Mahindra Group, may buy a controlling stake in MV Agusta from Claudio Castiglioni
Anand Mahindra pic: India Automotive

Last month, we had reported that there was a possibility of Tata Motors picking up a stake in MV Agusta. While that doesn’t seem to have materialized, according to a new report on India Automotive, it’s now another Indian business group – Mahindra & Mahindra – that’s now interested in picking up a controlling stake in MV.

M&M had, some time ago, bought a controlling stake in Stile Bertone, and may now buy MV Agusta to fuel the company’s ambitions of getting into the global bike market. Like Benelli’s Chinese owners, M&M would be in a position to inject a substantial amount of money into MV, allowing the Italian company to spend some on research and new bike development.

Also see:
Volkswagen to make motorcycles?
All-new Indian Chief to come out by Christmas this year...
Michael Schumacher develops a new helmet for motorcyclists...
Ecosse ES1 engineer wins design award for innovation...
Derbi DH2.0 unveiled at MotOh!
A bunch of wild, kinky trikes on Faster and Faster...

External links:
2008 Supersport shootout...
An amazing R1 from Fast Bikes mag...!

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