Mahindra buys Pininfarina for $185 million – IAB Report


Riza Rizvi, Hopelessly in love with everything on four wheels. Interested in cars since my formative years, with an unhealthy affinity for exotics and tuners. Fondness for the open road with high-octane machinery for company!

Pininfarina will remain an independent company listed on the Milan Stock Exchange.

After months of negotiation, Indian automaker Mahindra & Mahindra has finally agreed to buy legendary Italian design house, Pininfarina, in a deal worth $185 million.

Mahindra TUV300 rear three quarter first drive review
While the TUV300’s design is an in-house product, inputs were taken from Pininfarina.

Mahindra & Mahindra along with its IT subsidiary Tech Mahindra have jointly signed an agreement with current controlling shareholder Pincar S.r.l. to purchase a controlling stake in Pininfarina S.p.A. According to the terms of the agreement, Tech Mahindra and M&M will purchase 76.06% of shares at a price of Euro 1.1 per share which amounts to $28 million. This investment shall be done through a joint venture company that will be owned 60% by Tech Mahindra and 40% by M&M.

In addition to the cash payout, Mahindra has also guaranteed the Italian brand’s creditors more than $125 million.

Anand Mahindra, Chairman, Mahindra Group said, “Legendary high-end design credentials of Pininfarina will significantly enhance the design capabilities of the entire Mahindra Group. Given the increasing design sensibilities of today’s consumers, product design will greatly influence customer choice and experience, and hence our success.”

BMW Pininfarina Gran Lusso Concept
BMW Pininfarina Gran Lusso Concept

Pininfarina will also benefit from Tech Mahindra’s Integrated Engineering Solutions (IES) business as it will now be equipped to pursue bigger opportunities in the outsourced Automotive Engineering Services industry that is worth US$10 billion. Following the buyout, Pininfarina will remain an independent company listed on the Milan Stock Exchange with Paolo Pininfarina remaining the chairman of the board.

Pininfarina is a design house that needs no introduction; it is responsible for creating some of the most beautiful cars, which includes the Ferrari 250 GT and 1950s Alfa Romeo Giulietta Spider among many others.

Mahindra takes controlling stake in Pininfarina – Press Release

[Slideshare link]

Contribute to IAB
Submit Spyshots & get Bragging rights! Click Here
Custom Mods on your ride? Get it featured on IAB Submit

Mahindra TUV300 News & Updates

Mahindra TUV500 (TUV300 long wheelbase)

Mahindra TUV500 spotted in Pondicherry [Update]

Mahindra TUV500 (TUV300 XL) spy shot rear side profile

New spyshots reveal more of the Mahindra TUV500 (TUV300 XL)

Mahindra TUV500 (TUV300 XL) side spied by IAB Reader

Mahindra TUV500 (TUV300 XL) spied by an IAB Reader

Mahindra TUV300 Dual Tone front three quarters at Autocar Performance Show 2017

Regular upgrades & refreshes planned for Mahindra KUV100 & TUV300 – Report

Mahindra TUV500 (Mahindra TUV300 XL) front quarter panel spy shot

Mahindra TUV500 (Mahindra TUV300 XL) spied testing in Chennai

South African-spec Mahindra TUV300 front

Mahindra TUV300 launched in South Africa