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- Aug 31, 2026
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According to online reports, Mahindra Two Wheelers Europe, a subsidiary of Mahindra & Mahindra, is poised to acquire 100 per cent ownership of Peugeot Motocycles (PMTC). The Indian brand already owns 51 per cent stake, which it had bought in 2015. Peugeot is currently in the 50cc to 400cc scooter space and it’s a popular name in the European circuit.
The French brand had showcased two concept motorcycles last year at the Paris Motor Show. WIth the P2x Roadster and the P2x Cafe Racer, Peugeot hinted returning to motorcycles as it has been over seven decades since the last Peugeot motorcycle was built. Both the concept bikes looked to be based on the Mahindra Mojo, which neither Peugeot or Mahindra confirmed.

The Peugeot P2x Roadster has a classic roadster styling but packaged in a modern avatar. The P2x Cafe Racer shares most of its components with its sibling but gets a rear seat cowl, alloy wheels and clip-on handlebars for the quintessential cafe racer stance. Powering both the P2x concepts was a 300cc, single-cylinder, DOHC, liquid-cooled powerplant, which is likely to have been sourced from the Mahindra Mojo. You can read more details on the concept bikes here
While both the brands haven’t confirmed this, we expect the production version of the Peugeot P2x duo to be built in India at Mahindra’s Pithampur facility for sale in our domestic market and also export it to Europe as well.
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