PSA Peugeot Citroen entering India again?
January 7th, 2009 Leave a comment Visited 46 times, 1 so far today
PSA Peugeot Citroen entering India again?
Peugeot has made an attempt to enter the Indian market in the past. That entry was a major failure for the company as they failed to sell many cars.
The company is said to be working on plans to reenter the Indian market as it becomes more and more lucrative to global automakers.
Market reports say that the company has express interest in both sourcing components as well as setting up a production base in India.
Rajesh Nellore, company’s V-P in charge of India was quoted as saying to media personals: “We are looking at an industrial strategy and exploring both the JV and 100% subsidiary options. These are difficult times right now and we have not made any final decision.”
Citroen is also expected to be making an entry into the Indian market with their small car models.
automakers, Automobiles, Cars, Citroen, India, Peugeot, PSA Peugeot Citroen, Rajesh Nellore, Rumors
Somanshu
Category: Automobiles
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