Mahindra Group\\\'s subsidiary Pininfarina expects revenues to double to $1 bn in 3-5 yrs

Italian automotive design firm Pininfarina is eyeing USD 1 billion in revenues, in partnership with Tech Mahindra's engineering division, over the next 3-5 years.

The two companies together generate around USD 500 million a year from their design and engineering business.

Pininfarina CEO Silvio Pietro Angori expects the venture to grow to USD 1 billion in 3-5 years. "When I say USD 1 billion, it is combining the engineering services of Tech Mahindra with our own business. So that is feasible," he told PTI on the sidelines of Geneva Motor Show.

date = new Date(); date.setTime(date.getTime()+(1*24*60*60*1000)); $.cookie("dfp_cookie_article", "Y1", {expires: date,path:"/",domain: ""});

Tech Mahindra currently owns around 76 percent stake in the Turin-based firm which is known for design work for iconic brands such as Ferrari, Maserati and Rolls-Royce.

date = new Date(); date.setTime(date.getTime()+(1*24*60*60*1000)); $.cookie("dfp_cookie_article", "Y1", {expires: date,path:"/",domain: ""});

related news

PM Modi for concessional financing of solar projects

Looking to boost revenue, Maharashtra using drones to map villages and towns

Patient's severed leg put under his head as pillow at govt hospital in UP

At present, Pininfarina generates around 10 percent of the revenues from Italy, 30 percent from Europe, and the remaining 60 percent from rest of the world.

In India, the company is working with "no more than two clients" currently, Angori said.

Pininfarina, which became a part of the Mahindra group in late 2015, has been able to regain financial stability and is now looking to strengthen its non-automotive businesses as well.

In India, it is eyeing opportunities in sectors like railways, real estate and infrastructure development, Angori said.

When asked about Pininfarina's over two-year association with Mahindra group, Angori said the Indian firm has helped the company regain financial stability besides helping it to reach out to clients which were earlier out of reach.

"Mahindra group has given us financial stability and it has led us to unlock so much of the potential we had," Angori said.

Both the companies have the same values and founding principles and this has helped Pininfarina flourish, he added.

"We have around 110 clients and that number has increased in the last two years by about 20 percent," Angori said.

Commenting on the synergies with Tech Mahindra, he said that while Pininfarina does the physical design, the digital part of the job is taken care by the Tech Mahindra.

"No other company in the world has the capability like us," Angori said.

Mahindra group had announced the acquisition of Pininfarina in late 2015 for an overall outgo of over EUR 50 million after months of negotiations.



健康,健康养生 猴棗散 迪士尼美語 -膠原BB ABC Juice health lose weight Abel Benson cat Clean beauty skin distance education Dragon Boat Festival Zongzi Financial Guru Chicken Ball Recipe Hifu療程 HK MC 激光脫毛 Ocean Park ohmykids PhD Piaget伯爵手表价格 PMS 月經 FSH SEO company universities Youfind 万国手表 中醫 乾紋 人生 企业培训 企业培训管理 企业教练培训 企业教练技术培训 教练技术培训 企业教练技术 企业文化 企业文化培训 培训 企业管理 培训课程 企业管理培训课程 课程 健康 养生 醫療 健康,健康养生 內分泌 冷凍光學 冷凍溶脂 凍肉 食品 勵志故事 化妝品 化妝水 半導體脫毛 半導體鐳射 卫浴 去斑效果 品牌 報警 失蹤 如新集團 娛樂 學習 室內設計 寶寶健康 寶寶飲食 小技巧 彩光嫩膚 愿景 个人培训 愿景个人培训 愿景诚信领袖培训 优势 护肤 保养 按摩 探索 推拉窗 換膚 教育 散文 文化 文化,學習 新型產品 鋁材 新聞 綜合 旅游 生活 旅遊 旅遊自然 旅遊項目 昆明 大觀樓 時尚 時尚購物 時評 替假 柏傲灣 the pavilia bay 柏傲灣呎價 柏傲灣示範單位 正本會 正能量 歷史 鋁窗 毛髮 民間 海藻矽 減肥 激光 激光祛斑 無創 無創拉皮 熱話 猴棗散 玉溪 撫仙湖 玻璃王座 白鳳丸功效 皮膚 皺紋 科技 租赁 競技 細白晶透光能面膜機 維修鋁窗 網上購物 緊致去紋 美容 美容療程 美白 美白牙齒 牙黃 美食 美麗 翻譯 肌膚 脫毛 脫毛法 膠原 膠原BB 膠原滋生 膠原自生 膠原蛋白 自資大學 航線 色斑 艺术 落地窗 蜕变七十 蜕变七十培训 補水 裝修市場 設計 維修 護膚 護膚產品 诚信领袖培训 个人修养 購物網站 跟團去歐洲 迪士尼美語 透明質酸 金箔面膜 金融 財經 鉆石能量水系統 互聯網 鋁窗維修 鋼具 鑽石能量水 鑽石能量水機 鑽石能量水系統 陶瓷 陶瓷十大品牌 陶瓷工艺品 陶瓷艺术品 邮票 随笔 面膜 领袖素质培训 養生 養陰丸 香港 香港商宏逸精品有限公司台灣分公司 香港迪士尼 马拉代尔 小说 骨骼健康资讯 高麗蔘 魔法軍團