The turnaround will hinge partly on higher volumes and better margins and a "cost optimization" project.

Mahindra is working to expand presence of Peugeot Motocycles, in which it had acquired a majority stake, beyond Europe by entering markets ...

The Peugeot scooters are said to have been imported by Mahindra Two Wheelers for R&D purpose in India

M&M said its two-wheeler unit has made a binding offer to acquire a 51 per cent stake in PSA Peugeot Citroen's scooters business.