Peugeot Plans to Comeback to India

PSA Peugeot Citroen intends to re-enter the Indian market. The French company is not only interested in setting up a manufacturing plant but also supplying auto components in India. The company has set up its dedicated office in Chennai for the auto component sourcing business. The company has already had a meeting with officials of Society of Indian Automobile Manufacturers (SIAM) and has begun its sourcing through Magna Steyr. Peugeot’s sibling Citroen is also planning to make its mark in the Indian auto market by selling small cars in the country.

Citroen had exited Indian car market nearly a decade ago but is ready to try its luck once again in the country. According to the industry sources, there is high possibility of PSA Peugeot Citroen making a comeback with its range of small cars and mid-segment sedans soon. The company is currently studying the 1.5 million Indian passenger car market. The team members of Peugeot have met SIAm and shall present their report to the company in Paris. The company is looking at Joint Venture or 100 percent subsidiary options but nothing is expected to materialize very soon.

• PSA Peugeot Citroen reviewing India plans due to slowing sales in domestic market Europe           January 31, 2012
• Details and Images of Peugeot 508 unravel the elegant sedan           January 24, 2012
• Auto Expo 2012: Images of Peugeot 508, Peugeot’s second innings in India by 2014.           January 06, 2012
• PSA Peugeot to roll-out cars from Gujarat plant from year 2014           November 05, 2011
• PSA Peugeot Citroen to lay foundation stone at Sanand plant today           November 03, 2011
• Peugeot Automobile Nigeria geared up for Abuja Auto Fair           October 04, 2011
• Peugeot 207 and 508 spotted on Indian turf           September 19, 2011
• Disparity within the Govt. over diesel prices makes car makers anxious           September 16, 2011
• Peugeot to showcase its 508 model at the Johannesburg Motor show           September 16, 2011
• Peugeot to re-enter India with a mid-sized sedan           September 16, 2011
• PSA Peugeot to set-up new facility in Gujarat’s Sanand           September 01, 2011
• PSA Peugeot-Citroen Plant in Gujarat           August 31, 2011
• Peugeot Citroen to invest Rs 4,000 crore to establish plant in Chennai           June 30, 2011
• New Peugeot Citroen Sedan to Venture Into India           February 10, 2011
• Peugeot to Re-Enter Indian Market           June 15, 2010