Mahindra Two Wheelers

Mahindra Two Wheelers Europe has acquired 100 per cent ownership of the French two-wheeler maker Peugeot Motocycles (PMTC). The European subsidiary of the homegrown company had 49 per cent stake in PMTC, but it has now acquired the remaining 51 per cent stake, confirmed Mahindra Two Wheelers

The Indian automotive giant has bought 100 percent stake in BSA for around Rs 28 crore. Early last year, Mahindra bought 51 percent stake in Peugeot. And now, the company has announced the acquisition of another biggie – BSA Motorcycles.

Government to impose BS IV emissions norms for two-wheelers as well to cut down a major source of automotive NOx emissions. It would seem that the authorities have been awoken from their slumber all of a sudden when it comes to emissions norms.