Pininfarina inks Rs 460 cr pact with Hybrid Kinetic Group for developing electric car

Mahindra group-owned automotive design firm Pininfarina has inked a pact worth 65 million euros (around Rs 460 crore) with Hong-Kong listed Hybrid Kinetic Group for developing an electric car. As part of the agreement, the Turin-based company will support Hybrid Kinetic in the turnkey development of an electric car from the styling concept and development till virtual and physical validation for series production. The collaboration agreement, worth about 65 million euros, will have a total duration of 46 months and Tech Mahindra is expected to play a significant role.