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.

Image Credit : autogreenmag.com

Research Desk

Next Post

SAIL to award 30-year deal to ACB arm

Fri Mar 3 , 2017
Steel Authority of India Ltd is planning to present a 30-year contract to an arm of ACB India. The deal is to mine, develop and operate its 14 million tonne per year Rowghat iron-ore mine in Chhattisgarh. Quoting an official familiar with the development, a report in Moneycontrol News said, […]
SAIL to award 30-year deal to ACB arm

Categories

Blog Stats