Mahindra & Mahindra fails to buy stake in Aston Martin

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Dec 8, 2012: Investindustral has agreed to buy a minority stake in Aston Martin and with that talk between Mahindra and Mahindra and Aston Martin to acquire a stake in the later has failed. Passionate in Marketing had earlier reported that Mahindra & Mahindra has plans to buy a stake in British car maker Aston Martin which is a consortium of Astom Martin, Investment Dar & Adeem Investment Co. Investindustrial will be buying 37.5% share of Aston Martin for $241 million and with this Aston Martin can look forward for fresh lease of life. Aston Martin most famously known for James Bond cars is planning to invest $1 billion in new products and technology.

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