M&M will not invest on Ducati exits Italian JV

70 percent stake is so Mahindra & Mahindra has sold its in the Italian firm, Engines Engineering back to promoter Alberto Strazzari. For the development of the four-stroke Engines engineering was largely responsible, for Moto3 class racing 250cc MGP30 purpose built and unveiled in November 2011. Reasons behind the end to the three and a half year old partnership remain unclear, as we are yet to receive a response from M&M in this regard. To cater a wide list of clients Engines engineering is an established motorcycle name that, including the likes of Ducati, Honda and Yamaha amongst others.

M&M spokespersons have also denied any forthcoming plans to purchase the iconic Italian bike maker, Ducati, putting an end to speculation in recent days. Ducati owner, Andrea Bonomi had earlier stated, “Ducati is now a perfect company, but for further growth it requires the support of a world-class industrial partner and this year, we will work towards that partner.” Ducati’s valuation is pegged at around USD 1.32 billion.