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French car plan

Fiinews by Fiinews
January 25, 2017
in Investment, Projects
Reading Time: 1 min read
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French car plan

#Peugeot and #Citreon manufacturer #PSA Group has signed a joint venture agreement with #CK Birla Group in a move to re-enter the Indian market, reported French publication #Les Echos.

PSA left India in late 1990s, ending its partnership with #Premier Automobiles.

PSA is expected to set up an export-oriented manufacturing facility in India, one of the most preferred location, given the mid-class car demand.

It is part of the plan under the “India-Pacific business zone” covering markets in South Asia, Japan, South Korea, Australia and New Zealand.

Earlier reports said PAC Group has set a target to find an Indian partner in two years. fii-news.com

Tags: CK BirlaLes EchosPremier AutomobilesPSA Group
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Fiinews.com features through news articles on business opportunities in the Indian market for the benefits of foreigners. It is also a platform for international businesses to showcase through elaborate articles on their products & services to the Indian consumers and corporations exploiting industrialisation of the country.

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