Peugeot Motors intends to set up its manufacturing unit and re-start its operations in the Indian market. Peugeot's entry has been delayed in the country due to the global credit crunch and economic crisis back home in Europe.
A research firm IMIRB conducted a consumer research for Peugeot last October in India. After a positive feedback from the automobile customers, it has planned to bring the 307 hatchback and C5 (made by Citroen) sedan in India.
The company officials have met government officials in both the states (Andhra Pradesh & Tamil Nadu) to find a favorable location for setting up their new plant.
Peugeot plans to import the cars as CKD and assemble them locally.