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India’s Mahindra Gets a Bargain on Pininfarina

Italian design house goes for steep discount.

by on Dec.15, 2015

Pininfarina styled many of the greatest Ferraris, including the 2013 flagship La Ferrari.

Known for designing some of Ferrari’s most stunning and iconic models – from the Dino 206 to the 458 Italia – Italian design house Pininfarina has a new owner.

And the Indian conglomerate Mahindra Group got a bargain on the deal, picking up deeply troubled Pininfarina for just $28 million, a quarter of what it closed for last Friday. But Mahindra plans to pump another $22 million into its new acquisition to help restore it to its former glory.

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“You have to bear in mind that under this deal the company will be recapitalized and will have better growth opportunities,” Pininfarina CEO Silvio Angori told the reporters following the announcement of the sale.


India’s Mahindra Sued by Would-Be Dealers

U.S. sales launch 4 years behind schedule and counting.

by on Jun.07, 2012

This would-be Mahindra dealer in Mt. Clemens, Michigan eventually found another franchise.

While few motorists seem concerned that India’s Mahindra & Mahindra’s U.S. launch is four years behind schedule – and counting – the delay has enraged plenty of potential dealers who reportedly ponied up millions of dollars in advance fees to reserve the franchise.

A Miami-based law firm has now stepped in and has filed suit against the Indian maker in federal court alleging fraud and misrepresentation.  The lawyers at Diaz Reus & Targ claim Mahindra walked away with an estimated $9.5 million cash and additional trade secrets.

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“Mahindra told the dealers that its light trucks and SUVs were ready for delivery to the U.S. market,” said attorney Michael Diaz in a press release detailing the lawsuit filed in U.S. District Court in Atlanta on behalf of would-be dealers in five states including Florida. “However, Mahindra intentionally delayed certification of its vehicles after obtaining the dealership fees and trade secrets, and began pursuing other partners in the U.S. and elsewhere in clear violation of their commitments.”


Mahindra’s Bid To Enter U.S. Market Unraveling

Feud with erstwhile distributor deepening.

by on Oct.20, 2010

Will Mahindra's Pik-Up ever make it to the U.S. market?

The feud over Mahindra & Mahindra’s bid to sell vehicles in the U.S. is apparently deepening – and threatening to scuttle or at least delay its long-awaited launch in the American market.

Global Vehicles USA Inc., which considers itself the exclusive U.S. distributor of Mahindra pickup trucks, called on India-based Mahindra & Mahindra to begin building vehicles for sale in the United States and commit to a launch date.

But there’s a growing likelihood that any decision over who will actually represent the Indian maker in the American market will have to be decided in court.

A firm launch date would bring the Indian-based vehicle builder back into compliance with the arbitration clause of the distribution agreement between the two companies Global Vehicles said in a statement.

“Nearly 350 dealers have been ready to sell Mahindra trucks for more than three years,” said John Perez, chief executive officer of Global Vehicles.

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“If Mahindra executives were being truthful when they said that the trucks would be on sale by the end of the year, they should honor that commitment so dealers can start earning back the tens of millions of dollars they have invested in the brand.

“Binding arbitration will decide if Mahindra lied to Global Vehicles and our dealers about the status of the trucks and whether they broke the law when they attempted to arbitrarily terminate our distribution contract,” Perez added. “In the meantime, Mahindra is legally – and morally – obligated to conduct business as usual,” the statement said.


Mahindra Using Loophole to Abandon U.S. Distributor

Indian pickup maker and erstwhile American distributor facing legal battle.

by on Sep.09, 2010

Mahindra's launch of the Pik-Up has so far been delayed four times.

With its planned American debut still indefinitely delayed, Indian automaker Mahindra is taking unfair advantage of an escape clause in its contract with U.S. distributor Global Vehicles USA to terminate their relationship, GV USA CEO John Perez claims.

Perez says Mahindra is attempting to claim exclusive ownership of the distribution and sales channel ahead of the arrival of its small diesel pickup in the United States, a development that has been expected for the last 18 months.

Mahindra officials in India did not respond Thursday to requests for comment.

GV USA and Mahindra are fighting in arbitration and in federal court over repeated delays getting Mahindra’s clean-diesel pickup certified for sale in the U.S. At the same time, Mahindra has issued two press releases stating that its relationship with GV USA has “expired.”

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Mahindra’s clean-diesel pickups were expected to go on sale in the U.S. by the first quarter of 2009 but their arrival now has been pushed back four times; the latest on-sale date is reportedly this December.

(Click Here for’s review of the Mahindra Pik-Up.)

Mahindra and Mahindra Goes Electric

Indian maker sees opportunity in mass market battery cars.

by on May.27, 2010

Mahindra & Mahindra's first entry into the U.S. is likely to be this pickup, but it isn't saying what models will eventually go electric.

The ambitious Indian vehicle builder Mahindra & Mahindra has entered the race to build a mass market electric vehicle by buying a majority interest in the REVA Electric Vehicle Company of Bangalore, India.

The new partnership, Mahindra REVA, will leverage Mahindra’s vehicle development expertise and open the door for REVA technology to be deployed in Mahnindra-designed vehicles, says the automaker, which has delayed its long-anticipated entry into the U.S. market as it finalizes work on a pair of light truck offerings.

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“The buyout makes the Mahindra group a strong global player in the electric vehicle space,” said Pawan Goenka, President Automotive & Farm Equipment Sectors, Mahindra & Mahindra, who will serve as the chairman of the Mahindra REVA board.  The board will include five nominees from Mahindra & Mahindra, two from the Maini family, the founders of REVA, and one representative from REVA’s  American partner. AEV LLC.