Peugeot Returns To India Through CK Birla Venture

Login   |  Register Now

Follow us with

Peugeot Returns To India Through CK Birla Venture

Posted on : Tuesday 24th of January 2017

Total 1 News Image

French carmaker PSA Group will announce a return to India this week through a manufacturing venture with New Delhi-based CK Birla Group, Les Echos reported on Monday.

The maker of Peugeot and Citroen cars, absent from the fast-growing Indian market since the late 1990s, has signed a joint venture deal with the family-owned conglomerate to include a Chennai assembly plant with current annual production capacity of 12,000 vehicles, the French daily newspaper said on its website.

A PSA spokesman declined to comment on the report.

Under Chief Executive Carlos Tavares, PSA is pursuing an ambitious recovery plan after a 2014 brush with bankruptcy and has pledged to find an Indian partner by 2018 to resume production in a market that registers about 3 million new vehicles a year.

Disclaimer: The contents or any information provided here is strictly personal and does not hold any responsibility or liability on them. We shall endeavor to upload/publish as many of the comments that are submitted as possible within a reasonable span of time, but we do not guarantee that all comments that are submitted will be uploaded/published. Messages that harass, abuse or threaten other members; have obscene, unlawful, defamatory, libelous, hateful, or otherwise objectionable content; or have spam, commercial or advertising content or links are liable to be removed by the editors. We also reserve the right to edit the comments that do get published. Please do not post any private information unless you want it to be available publicly.


Copyright © 2012-2019, All rights Reserved   |  |  This Logo is a trademark of Way4Indians. For Enquires, please contact :