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 TUV300 T10 brochure

Mahindra TUV300 T10 launched at INR 9.75 lakh

Mahindra TUV300 Plus spied in Tamil Nadu

Mahindra TUV300 Plus will replace the Mahindra Xylo – Report

Mahindra KUV100 facelift rendering by IAB

Mahindra KUV100 facelift & updated Mahindra TUV300 to launch this month – Report

Accessorised Mahindra TUV300 front three quarters at Nepal Auto Show 2017

Accessorised Mahindra TUV300 showcased at Nepal Auto Show 2017

Mahindra TUV300 Plus rear three quarter with production taillamp

Mahindra TUV300 Plus spied again in India [Update]

Mahindra TUV300 Plus name trademarked

Mahindra TUV300 Plus name trademarked for extended TUV300 variant