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Peugeot could return to India through venture with CK Birla Group

Reports suggest that the venture between the two parties include plans to set up an assembly plant in Chennai

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Overdrive|Jan 24, 2017, 17:20:35 IST

French newspaper Les Echos, recently reported that the automobile manufacturer PSA Group, will make an announcement this week stating that it will return to India in a venture with the CK Birla Group. The PSA Group is the parent company of Peugeot and Citroen, while the CK Birla Group is currently in a venture with Hindustan Motors and Mitsubishi in India. Reports suggest that the venture between the two parties include plans to set up an assembly plant in Chennai with a current annual production capacity of 12,000 units. However, a PSA...

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First Published:Jan 24, 2017, 17:20:35 IST
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