Peugeot to return to India

  • Published On: 25 January 2017

Peugeot may tap the India base for both domestic and export markets; product expected to be launched in 2021; to tie-up with CK Birla group.

After exiting India in 1997, French carmaker Peugeot will return to India via an alliance with the CK Birla Group.

The collaboration will be a joint venture that will use the Hindustan Motors plant in Chennai to manufacture Peugeot cars. After its first innings in India with its partner, Premier automobiles, the brand planned a second attempt at the Indian market independently in 2011. However, due to financial uncertainty, Peugeot had to put its India plans on hold then.

In April 2016, the PSA Group had announced an aggressive growth plan for the 2016-2021 period, which India was a part of. The company plans on establishing a partnership deal in India by 2018 and is looking to launch its first car here before the end of 2021. Peugeot’s interest in India comes as no surprise, as the country is soon expected to become the third largest car market in the world by the end of the decade, and could be crucial in the growth of the French brand. 

News You May Like

Jeep to export made-in-India Compass to Australia, Japan and UK

The car will be manufactured at FCA India’s plant in Ranjangaon near Pune.

Read More
Toyota reveals FT-4X SUV concept at New York motor show

The concept is primarily a design study for the company.

Read More
Download App