Pininfarina, Hybrid Kinetic join hands for electric car

Pininfarina, an automotive design firm from Mahindra group, has signed an agreement worth €65 million with Hong-Kong listed Hybrid Kinetic Group.

The pact, which is worth Rs 460 crore in Indian money, is for developing an electric car.

In a statement, Pininfarina Group CEO Silvio Pietro Angori, said, “This agreement confirms the primacy of our company in the world of automotive design, engineering and production of small series at a time of great change in the automotive world.”

“Synergies with a larger group such as Tech Mahindra are strengthening our business opportunities,” Angori added.

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Research Desk

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