Mahindra joins Tata as interested party to purchase MV Agusta?
Thursday, May 22nd, 2008
Tata Motors, rumored to have been interested in purchasing a large chunk of Italian motorcycle maker MV Agusta, could have some competition. Another large Indian conglomerate, Mahindra & Mahindra may now be interested in a controlling stake in the storied company. According to India Automotive, the potential exists to gain instant traction in the global motorcycle market by picking up MV Agusta, and the Italian company could use the extra funds from a large and profitable company to release a new line of more competitive machines.
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