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Peugeot Citroen To Enter India Through GM
PSA head of Asian operations Gregoire Olivier said: "We're not going to move forward by building our own factory as we'd planned to.” The companies will explore ways to use GM plants to support Peugeot's long-heralded return to the Indian market, he added.
He further said: "We now have GM as a global partner, and GM has factories in India, so we're obviously reviewing our plans from the top. There are a lot of other ways to enter India now that they don't require us to put 600 million euros on the table."
GM currently has its facilities at Mumbai and Halol in Gujarat. Peugeot, which had existed the Indian market in 1997, has been looking to re-enter the fastest growing market for quite a few years now. Peugeot and GM had signed a partnership in February 2012 which also the American company acquiring 7 percent stake in PSA.
The two carmakers are expected to share platforms and develop vehicles jointly thereby saving costs. Meanwhile, it is expected that PSA will enter the Indian market by launching 2 cars, a small car and a compact.
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