Active Stocks
Thu Apr 18 2024 15:59:07
  1. Tata Steel share price
  2. 160.00 -0.03%
  1. Power Grid Corporation Of India share price
  2. 280.20 2.13%
  1. NTPC share price
  2. 351.40 -2.19%
  1. Infosys share price
  2. 1,420.55 0.41%
  1. Wipro share price
  2. 444.30 -0.96%
Business News/ Auto News / Peugeot Motorcycles’s India-made electric scooter inducted in French presidential fleet
BackBack

Peugeot Motorcycles’s India-made electric scooter inducted in French presidential fleet

Mahindra and Mahindra acquired 51% of the Peugeot Motorcycles in 2015
  • Mahindra is India’s largest electric vehicle manufacturer but is yet to launch an electric two-wheeler in the country
  • Mahindra and Mahindra acquired 51% of the Peugeot Motorcycles in 2015.Premium
    Mahindra and Mahindra acquired 51% of the Peugeot Motorcycles in 2015.

    India made electric scooter, e-Ludix, of French two wheeler manufacturer, Peugeot Motorcycles - a subsidiary of Mahindra and Mahindra - is the first electric two-wheeler to be included in French presidential fleet.

    “Peugeot Motocycles (a @MahindraRise company) is part of the ‘energetic’ transformation of the French Presidential fleet! Our brand new Peugeot e-Ludix, is the 1st electric 2-wheeler to join the fleet. And they’re proudly the 1st electric 2-wheelers exported from India," tweeted Anand Mahindra, chairman of Mahindra Group.

    Mahindra is India’s largest electric vehicle manufacturer but is yet to launch an electric two-wheeler in the country, at a time when Indian government is urging automakers to launch electric vehicles to reign in on increasing pollution and crude import.

    Mahindra and Mahindra acquired 51% of the Peugeot Motorcycles in 2015. The Mumbai based automaker is also expected to acquire 100% stake in the French company in the next two years.

    Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!

    Catch all the Auto News and Updates on Live Mint. Download The Mint News App to get Daily Market Updates & Live Business News.
    More Less
    Published: 17 Nov 2019, 07:34 PM IST
    Next Story footLogo
    Recommended For You
    Petrochemical Stocks
    ₹8,918.71.61%
    ₹4,319.15-1.15%
    ₹2,030.85-0.07%
    ₹12,503.45-0.8%
    ₹992.45-2.12%
    Switch to the Mint app for fast and personalized news - Get App