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Peugeot (PUGOY) and Citroen are coming back to India.
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Peugeot (PUGOY) and Citroen are coming back to India.

Views:5     Author:Site Editor     Publish Time: 2017-02-04      Origin:Site

Peugeot (PUGOY) and Citroen are coming back to India.

Peugeot (PUGOY) and Citroen are coming back to India.

The owner of the two French carmakers, PSA Group, has signed an agreement with India's CK Birla Group to make and sell cars in India by 2020.

PSA said Wednesday it would invest nearly €100 million ($107 million) in vehicle and power train manufacturing in the southern state of Tamil Nadu.

In a statement, PSA said it will start producing about 100,000 vehicles per year, but added that it planned further investment to support a higher level of production in future.


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