Login
New Cars
Explore
Find CarsCompare CarsUpcoming CarsFind Car DealersFind Car Service Centers
Research
Newly Launched CarsElectric CarsPopular CarsAutomatic CarsBest Mileage Cars
Trending Cars
New Maruti Suzuki 2025 DzireSkoda KylaqSkoda KodiaqHonda New AmazeNew Hyundai Verna
Popular Car Comparision
Kia Seltos vs Hyundai CretaHyundai Verna vs Honda CityMaruti Suzuki Fronx vs Maruti Suzuki BalenoMaruti Suzuki Brezza vs Tata NexonMaruti Suzuki Jimny vs Mahindra Thar
Upcoming Cars
Mahindra BE 6eMahindra XEV 9eHyundai New Kona ElectricKia SyrosHonda New Amaze
By Budget
Cars Under ₹ 10 LakhCars Under ₹ 15 LakhCars Between ₹ 15 - ₹ 25 LakhCars Between ₹ 25 - ₹ 40 LakhCars Over ₹ 40 Lakh
By Lifestyle
Affordable CarsAdventure CarsHatchback CarsSedan CarsSUV Cars
By Brand
Tata CarsMaruti Suzuki CarsKia CarsMahindra CarsHyundai Cars
New Bikes
Explore
Find BikesCompare BikesUpcoming BikesFind Bike DealersFind Bike Service Centers
Research
Newly Launched BikesElectric BikesPopular BikesAdventure BikesBest Mileage Bikes
Trending Bikes
Oben Electric RorrHero XPulse 210Hero XPulse 200 4VUltraviolette F77 Mach 2Hero Mavrick 440
Popular Bike Comparisions
Honda Activa 125 FI vs TVS Ntorq 125Honda Activa 6G vs TVS JupiterHonda Activa 125 vs TVS JupiterBajaj Pulsar RS 200 vs Hero Karizma ZMRTVS Apache RR 310 vs Royal Enfield Bullet 350
Upcoming Bikes
Kawasaki Z400Royal Enfield Goan Classic 350Suzuki GSX-8RYamaha Tenere 700CFMoto 400GT
By Budget
Bikes Under ₹ 50000Bikes Between ₹ 50K - ₹ 70KBikes Between ₹ 70K - ₹ 1LBikes Between ₹ 1L - ₹ 3LBikes Above ₹ 3L
By Lifestyle
Affordable BikesCommuter BikesScootersSports BikesCruiser Bikes
By Brand
Royal Enfield BikesHero BikesHonda BikesTVS BikesYamaha Bikes

Talks Between Mahindra and Pininfarina Might Resume Soon

It was yesterday that Mahindra revealed that they had asked Pininfarina to help them out with the design and a part of engineering for their new mini SUV - the TUV300 after which we now hear that the design firm is still hoping to clinch a sale with the Indian car maker.
Calendar-icon

By NDTV Auto Team

clock-icon

1 mins read

Calendar-icon

Published on July 31, 2015

Follow us on

google-news-icon
Story

Highlights

    We'd told you that Mahindra was looking to buy stake in the troubled Italian car designer Pininfarina. It was yesterday that Mahindra revealed that they had asked Pininfarina to help them out with the design and a part of engineering for their new mini SUV - the TUV300 - after which we now hear that the design firm is still hoping to clinch a sale with the Indian car maker.

    Pininfarina forecast on Thursday a full-year operating loss and said it did not expect to be able to meet at the end of the year a target for earnings before interest, tax, depreciation and amortisation agreed with creditors as part of its debt restructuring.

    "Although it hopes for a positive outcome of ongoing talks (with Mahindra), the board is working on new standalone business and financial plan more in line with the group's current ability to generate cash to repay its debt," the company said in a statement.

    Mahindra TUV3OO

    We know how important Pininfarina is, as we've seen the Ferrari Testarossa and its latest creation includes the Sergio windshield-less concept car. Pininfarina's controlling shareholder Pincar and banking creditors failed to agree to a sale of the indebted group to Mahindra in July itself and look like the talks between the companies will resume soon.

    Pininfarina reported a first-half net loss of 4.4 million euros, in line with the previous year, and said its net debt stood at 52.7 million euros at the end of June up from 44.8 million euros at the end of December. If the deal does come through, we Indians might be looking at a different breed of cars altogether, so let's keep our fingers crossed.
    Calendar-icon

    Last Updated on September 12, 2015

    # Pininfarina# Pincar# Mahinda & Mahindra# Mahindra TUV300# Auto Industry
    Stay updated with automotive news and reviews right at your fingertips through carandbike.com's Google News

    Related Articles

    • The Midsummer is limited to just 50 units, all of which have been sold
      Morgan Motor and Pininfarina Unveil Limited Edition Midsummer
    • Both all-electric hypercars get two special editions inspired by the iconic DC Comics hero and his civilian identity.
      Pininfarina Unveils Batman-Inspired Battista, B95 Special Editions
    • Designed by Pininfarina USA and Lenovo, the wearable trophy lights up when raised above the neck or worn by the winner.
      Pininfarina Reveals The First Wearable F1 Trophy: To Be Awarded At Upcoming Chinese GP
    • Unique commission reverses the colour scheme of the Battista Anniversario.
      One-of-One Pininfarina Battista Reversario Revealed
    • Paolo Pininfarina was appointed the chairman of the firm in 2008, and oversaw the takeover of the brand by the Mahindra Group
      Pininfarina Group Chairman Paolo Pininfarina Passes Away At 65

    Latest News

    • The Ioniq 9 underpins the brand’s E-GMP platform and is offered in Long Range and Performance trims in RWD and AWD forms.
      Hyundai Ioniq 9 Electric SUV Revealed: 3 Rows Of Seats, 620 Km Range
    • Newest promo for Honda 2 Wheeler India’s upcoming electric scooter confirms it will feature two of Honda’s swappable Mobile Power Packs; swapping network presently operational in Karnataka only.
    • Prices for the fifth motorcycle to sport the 349cc J-series engine will be announced on November 23.
      Royal Enfield Goan Classic 350: In Pictures
    • The Goan Classic 350 is a bobber-styled version of the standard Classic 350
      Royal Enfield Goan Classic 350 Unveiled; Launch On November 23
    • New platform targets North America and other markets where body-on-frame pick-up trucks and SUVs are popular.
      Stellantis Unveils New STLA Frame Architecture For Body-On-Frame SUVs, Pick-Up Trucks
    • The Cromwell series of motorcycles are the top-of-the-range in Brixton India's portfolio. Here are detailed images of the Cromwell 1200 and the Cromwell 1200 X bikes.
      Brixton Cromwell 1200, Cromwell 1200 X: In Pictures
    • Special edition Wrangler 4xe packs in period-correct looks inspired by the iconic World War 2 military off-roader.
      Jeep Wrangler 4Xe Willys 41 Unveiled; Pays Homage To Iconic Willys Jeep
    • With the update, the ES gets a range of subtle styling tweaks, revised interior layout alongside a range of new features
      Lexus ES Facelift Unveiled At 2024 Guangzhou Auto Show
    • Brixton India’s most accessible line is the Crossfire 500 range. Here are detailed images of the 500 X and 500 XC.
      Brixton Crossfire 500 X, Crossfire 500 XC: In Pictures
    • Will Bajaj Auto bail out KTM AG and increase its stake in KTM’s parent company?
      KTM Faces Financial Trouble; Seeks Funding Of 100 Million Euros

    Popular Mahindra Models

    car&bike
    About Us
    New Cars
    Used Cars
    New Bikes
    Sell Your Car
    Terms and Conditions
    Privacy Policy
    Investor Relations
    Popular Car Brands
    Maruti Suzuki
    Hyundai
    Tata
    Volkswagen
    Honda
    Mahindra
    Kia
    MG
    Popular Car Models
    Mahindra XUV 3XO
    Hyundai Creta
    Maruti Suzuki Alto 800
    Toyota Fortuner
    Tata Punch EV
    Mahindra Scorpio Classic
    Mahindra XUV300
    Toyota Innova Crysta
    Popular Bike Brands
    Royal Enfield
    Honda
    KTM
    Bajaj
    Yamaha
    TVS
    Hero
    Kawasaki
    Popular Bike Models
    Hero XPulse 200 4V
    Royal Enfield Hunter 350
    Bajaj Pulsar 150
    Bajaj Pulsar N250
    Royal Enfield Classic 350
    Yamaha FZ-X
    Bajaj Avenger Cruise 220
    Honda CB Unicorn 160
    Keep in Touch
    car&bike Youtubecar&bike Twittercar&bike Instagramcar&bike Facebookcar&bike LinkedIn
    Fifth Gear Ventures Ltd
    602, 6th Floor, Tower – B, Embassy 247, LBS Marg, Vikhroli (West), Mumbai - 400083
    Contact: 9606045096
    Email: contact@carandbike.com
    © Copyright Fifth Gear Ventures Ltd 2024. All rights reserved