Mahindra close to finalising Pininfarina deal – Report

Karthik

Karthik H, A bit of a car freak and a bike nut, and a fan of trucks and technology too. Expect sharp stories that focus on those four fronts. As always, stay tuned to IndianAutosBlog.com for quick and unassuming updates from across the world.

Acquisition could herald a new design language for the utility major.

After being initially discouraged by Pininfarina’s creditors, it seems like the Mahindra group might finally be close to finalising the deal on the legendary Italian design firm.

Mahindra TUV300 front three quarter teaser image enhanced
M&M’s close working with Pininfarina for the upcoming TUV300 might have given an invaluable clue into the design firm’s work ethic.

A report on Auto News suggests that the company is closer than ever to finish the agreement. While a final price is yet to be arrived upon, the issue that had earlier put paid to M&M’s plans is also still open for negotiation. Based on local news that the talks were on, Pininfarina’s stocks rose up by 11 percent.

The international ambitions of the Indian multi-billion dollar conglomerate has now extended well past the takeover of Korean car maker Ssangyong and the scooter division of Peugeot. The Indian manufacturer is not new to the Italian design firm, as the company had taken Pininfarina’s help for the design of the soon-to-be-launched TUV300 compact SUV.

2015 Mahindra XUV500 (facelift) front review
The Mahindra XUV500 is the company’s internal design that has been tremendously well received.

Also See: Mahindra S101 – IAB Rendering

Pininfarina’s credibility as a design powerhouse has rarely been under suspicion in its almost 80 year history. With classics such as the Ferrari 250GT under its belt, the firm has also produced some modern classics like the Ferrari F430 Spider and the Alfa Romeo Guiletta to name a few. If M&M manages to acquire the firm, it could herald a new design language for the Indian manufacturer.

2015 Mahindra XUV500 – Image Gallery

[Source – Autonews]

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