Peugeot planning to invest 4100 crore Rupees to set up plant in India


Naveen Nallappan, Hi. I am Naveen, a very simple person with few needs and greats aspirations hoping to make a dent in the world I came to be in. I have always been extremely passionate about anything with wheels and wings and I seem to have a good appreciation of how cars work technically and how the car business works. As far as my love for cars go, more than power, speed and acceleration, I love how perfectly cars have come to fit into our lives and how beautiful moments in life are spent in cars. That's my brief introduction. Stay tuned to IAB! Drive safe, advocate safe driving!

Peugeot Indian entry

We had already reported that French carmaker Peugeot is planning to enter India. Sify has reported that the company is planning to invest 700 million Euros (4100 crore Indian Rupees) for setting up its India plant. The website also reports the new plant is likely to be setup in Andhra Pradesh and not in Tamil Nadu as we had expected.

Peugeot along with its partner Citroen had revealed plans to develop small cars and compact sedans for developing countries like India, China and Brazil.

Peugeot & Citroen along with Mitsubishi would be developing a new small car dubbed the ‘Global small car’ and a compact sedan internally codenamed ‘M3 or M4’ on the likes of the Chevrolet Sail and Renault Logan. These cars are expected to reach Indian shores by the fiscal year 2013-14.

Peugeot’s first innings during the 90’s was bitter and the company was forced to stop operations and leave the country. But the Indian market is growing too rapidly and Peugeot just can’t ignore the Indian market.

Peugeot-Citroen would be looking to make sure their re-entry into India is successful using their prowess to make smooth torquey diesel engines which would be an instant hit with the Indians.

It is to be noted that the lovely 1.4 TDCi diesel engine powering the Ford Fiesta was developed by Peugeot-Citroen.

Source: Sify

Contribute to IAB
Submit Spyshots & get Bragging rights! Click Here
Custom Mods on your ride? Get it featured on IAB Submit

Peugeot small car India News & Updates

Peugeot-Citroen is house-hunting in India

Peugeot planning Andhra Pradesh plant; tie-up with Hindustan Motors

Spied – Citroen Berlingo MPV testing near Pune