CURRENT AFFAIRS

Detailed explanation-1: -Renault continues to license and supply key components such as engines and transmissions to Mahindra & Mahindra.

Detailed explanation-2: -Through this acquisition, Pininfarina’s high-end styling and engineering services will complement existing engineering capability of Tech Mahindra. Tech Mahindra Limited, along with Mahindra & Mahindra, has acquired iconic Italian automotive and industrial design company Pininfarina SpA.

Detailed explanation-3: -Mahindra acquired Pininfarina back in 2015, bringing global levels of design and engineering expertise into the Group.

Detailed explanation-4: -Tech Mahindra, along with its parent Mahindra & Mahindra, has signed a deal with Pincar Srl to acquire a controlling stake in Pininfarina SpA, an Italian automotive brand and industrial designer, for about €33.5 million (₹248 crore).

Detailed explanation-5: -Maserati S.p.A. (Italian: [mazeˈraːti]) is an Italian luxury vehicle manufacturer. Established on 1 December 1914, in Bologna, Italy, the company’s headquarters are now in Modena, and its emblem is a trident. The company has been owned by Stellantis since 2021.