Motorcycle News

Mahindra & Mahindra planning to buy Kinetic Motors

Mahindra & Mahindra, India’s largest utility vehicle maker has shown interest in buying majority stake in Pune base Kinetic Motors.

Sources close to the deal said, both companies are in the final stage of due diligence and M&M is expected to pick up a majority stake in. Kinetic Motors.

Kinetic Motors has been valued at close to Rs 150 crore and the deal size is expected to be in the range of Rs 70-80 crore.

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