Mahindra & Mahindra to infuse Rs 875 crore in Classic legends pvt ltd
The automotive manufacturing arm of Mahindra Group, Mahindra & Mahindra (M&M) has announced that in collaboration with external investors, it will infuse Rs 875 crore into Classic Legends Pvt Ltd (CLPL).
CLPL is the owner of brands such as Jawa, Yezdi, and BSA, operating in India's rapidly expanding premium motorcycle segment. Eternal investors and M&M will contribute Rs 350 crore and Rs 525 crore, respectively, over the next 2-3 years to strengthen the business.
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