Whether PSA Peugeot Citreon will enter India or not will be decided by the company by the end of this year. The company is Europe’s second largest car manufacturer and is mainly known for its luxury brands of car. According to the company officials, Peugeot is still assessing market feasibility and is slow in entering the Indian market due to global meltdown.
"We are assessing the Indian market now whether we will be present there or not. These are all speculations that we are launching our products. The decision is yet to be taken, which might happen by the end of this year," said a PSA Peugeot Citroen.
Peugeot is contemplating its options to enter not only the passenger vehicle market but also possibilities of setting up manufacturing unit in India. "We are also assessing the various opportunities offered by the country in terms of sourcing components," the official said. Peugeot had already made plans to set up its shop in India sometime back but the project has not kicked off as yet.