Cars in India | Autoportal.com

Mahindra Acquires UK-Based BSA Motorcycles

Mahindra Acquires UK-Based BSA Motorcycles

Snapshot: Mahindra further added that this acquisition of BSA motorcycles will help Classic Legends obtain license of the BSA brand and will let utilise the same for selling, promotion and distributing motorcycles globally. The principal activity of BSA is licensing of brands related to motorcycles.

- Comments    |    Write Comment

In a recent development Indian auto major Mahindra and Mahindra has acquired British two wheeler manufacturer BSA motorcycles for Rs. 28 crore. Mahindra was thinking between bike brands Norton and BSA, yet appears need to settled for the last mentioned.

Mahindra further added that this acquisition of BSA motorcycles will help Classic Legends obtain license of the BSA brand and will let utilise the same for selling, promotion and distributing motorcycles globally. The principal activity of BSA is licensing of brands related to motorcycles. Incorporated in the UK, the company is also present in countries like Japan, Singapore, Malaysia, USA, Mexico and Canada.

Last year Mahindra acquired a 51 percent stake in the french Peugeot Motocycles (PMTC), which is the part of PSA Group. Mahindra and Mahindra is yet to say anything about its plans regarding the iconic french two wheeler brand. Previously the Indian company acquired South Korean car brand SsangYong and Indian two-wheeler brand SYM. Mahindra bought the SYM brand from Kinetic which helped it to start Mahindra Two Wheelers. The acquisition of Reva Electric Car Company has helped the company to start Mahindra Electric venture and launch the all electric vehicle e2o.

In a official statement released by Mahindra and Mahindra, the company said, its subsidiary Classic Legends Pvt. Ltd. (CLPL) has acquired 100 percent of the share capital of the BSA Company limited on 21st October 2016. The subsidiary has purchased all 1.2 lakh shares of the British company at the price of Rs 2,611.46 per share.

Related car news

  • Mahindra might not make exclusive electric cars in India 24-03-2017 Anurag Busi Mahindra might not make exclusive electric cars in India
  • Mahindra to invest Rs. 1,500 crore to facilitate the development of new U321 model 11-02-2017 Anurag Busi Mahindra to invest Rs. 1,500 crore to facilitate the develop...
  • Safety under 80 campaign launched in Mumbai-Pune Expressway to promote safety 20-12-2016 Anurag Busi Safety under 80 campaign launched in Mumbai-Pune Expressway...
  • Sales halted for Mahindra's 2-door electric car e2o 23-11-2016 Anurag Busi Sales halted for Mahindra's 2-door electric car e2o
  • Mahindra XUV500 to be equipped with Android Auto from next year 15-11-2016 Anurag Busi Mahindra XUV500 to be equipped with Android Auto from next y...
  • Mahindra MPV (Mahindra U321) to launch in India in the second half of 2017 12-11-2016 Anurag Busi Mahindra MPV (Mahindra U321) to launch in India in the secon...
Helpline