Monday, November 26, 2012
By Manoj Kumawat
Mahindra may buy stake in Aston Martin this week
It is after taking over Korean car maker Ssangyong and tasting success instantly that Mahindra seems to have gained confidence. And it is following this confidence and in a hope to become the world level car maker, the Indian SUV maker is almost about to buy British car company Aston Martin. In India, Aston Martin cars include, Aston Martin DB9 which is priced at Rs 1.90 crore to Rs 2.05 crore to the most expensive car Aston Martin DBS that has a price tag of Rs 2.70 crore. Thus as soon as the deal is final, one can see more of such cars coming to India. Though there is little presence of the brand in India as these are really plush cars but worldwide and specially in Europe, the luxury sports cars are a great hit and are considered for their lush and plush interiors and exceptional engine power.
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As per reports, Mahindra is in talks with Aston Martin investors and it could be possible that it could outbid Investindustrial, an Italian contender in the 50 percent buyout. The deal is expected to be finalized around £120-200 for 40 percent stake which the Indian car maker can anytime raise to 50 percent stake. Currently AM is owned by Kuwati consortium of financial sponsors. The final picture will be clear this week.