Mahindra gets GR design studio
“Mahindra Global Designing Company” sounds weird but it’s true. Mahindra & Mahindra Motors, a company which started off making tractors heralding the Indian green revolution is now diverging into automotive design. It seems M&M has set its eyes on becoming a global auto design centre.
It is set to acquire GR-Grafica Ricerca Design Srl, an Italian auto designing, body engineering and feasibility company. GR’s 60-strong design team is highly experienced in the area of automotive design. After acquisition, the new subsidiary will be called “Mahindra Graphic Research and Design”. Through this acquisition, M&M will get a strong foothold in the European car manufacturing business. The deal is expected to be wrapped by the end of January.
Considering the latest progress of Indian Companies in the auto world, the next best selling world car might come from India.
It is set to acquire GR-Grafica Ricerca Design Srl, an Italian auto designing, body engineering and feasibility company. GR’s 60-strong design team is highly experienced in the area of automotive design. After acquisition, the new subsidiary will be called “Mahindra Graphic Research and Design”. Through this acquisition, M&M will get a strong foothold in the European car manufacturing business. The deal is expected to be wrapped by the end of January.
Considering the latest progress of Indian Companies in the auto world, the next best selling world car might come from India.
Labels: Acquisition, Car Design, Mahindra and Mahindra
1 Comments:
I am happy to read that Mahindra is making huge leaps in the international car industry. The Italian Design company GR is a good buy i hope it pays much more dividends to Mahindra than its previous owners.
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