Ducati opens first dealership in Gujarat
PTI Italian superbike maker Ducati today announced opening of a dealership here -- its first in Gujarat and fifth in the country. With this new dealership, Ducati India is now operational in 5 major cities across India, including Delhi NCR, Mumbai, Bangalore, Pune and Ahmedabad. The 6,000-sqft showroom-cum-service centre on SG Highway area of city has been established by Motonova Superbikes Pvt Ltd, owned by Supernova Group. Ahmedabad is a key to company's growth plan, said Ravi Avalur, Managing Director, Ducati India. "As part of Ducati India's strategic expansion in the country, we are opening a dealership in Ahmedabad. With the growing demand for premium motorcycles in Gujarat, Ahmedabad is the key to our growth plan in India," Avalur said. He added that ...
Mahindra to acquire Italian car designer company
The Dollar Business Bureau Indian automobile major Mahindra & Mahindra along with the group’s IT solution arm Tech Mahindra has entered into an agreement to acquire Italian car designer company Pininfarina. The acquisition process will be carried out through a joint venture company in which Tech Mahindra will have 60% share and M&M will hold 40%. “As per the agreement, Tech Mahindra and M&M shall purchase 76.06% of Pininfarina shares from the current controlling shareholder Pincars S.R.L. at a price of Euro 1.1 per share,” the Mahindra Group said in a statement on Tuesday. The Italian firm has crafted models for popular car makers like Ferrari, Maserati, and Rolls Royce, besides designing high-speed trains, buses, trams, rolling stocks, and automated ...
