Peugeot marks re-entry into India

Ground-breaking ceremony conducted at Sanand site

Peugeot today marked its re-entry into the Indian market, 14 years after its exit in 1997, by conducting the bhoomi puja and the ceremonious ground-breaking ritual at the site of its forthcoming factory in Sanand, Gujarat – a region where many other manufacturers are also setting up shop. The ceremony saw Grégoire Olivier, member of the managing board PSA Peugeot Citroen and CEO of Asian operations, Vincent Rambaud, director general of Peugeot and Frederic Fabre, managing director of PCA motors India take part in the auspicious ceremony.

“Gujarat is emerging as a global auto hub. I congratulate Peugeot for being a part of it,” said Gujarat chief minister, Narendra Modi.

This ceremony, following the State Support Agreement (SSA) signature held in Gandhinagar on September 1, is an important landmark for Peugeot in its Indian endeavour.

The engine and gearbox plant will be spread across 600 acres and Peugeot will also add a suppliers’ park, amounting to a global investment of Rs 4,000 crore, which will also lead to the creation of 5,000 new jobs in the auto industry. The plant will have an initial capacity of 1,70,000 vehicles per annum. What’s also in the pipeline for Peugeot is the construction of an Automotive Skills Development Institute in collaboration with the state of Gujarat.

Coming weeks will see the completion of soil analysis, followed by preliminary ground levelling works and the laying of the foundation subsequently.

The Peugeot brand has bold plans to re-introduce itself to the Indian market, and we can’t wait to see how it all unfolds at the upcoming Delhi Auto Expo in January.

Copyright (c) Autocar India. All rights reserved.
See more about:  peugeot, toyota, honda, skoda, volkswagen, maruti, fiat
Toyota’s striking new Corolla driven this month; plus, the new Datsun Go takes on the best in the segment.
What's in this issue?

comments powered by Disqus

Peugeot marks re-entry into India


Most Read
Latest News
New York 2014: Revised Infiniti Q70 shown
Updated Infiniti Q70 gets cosmetic changes on the outside; to be offered in...
22 minutes ago   3 pictures
A-class, B-class account for 20 percent of Mercedes-Benz’s India sales
Mercedes says entry-level models drawing newer customers; A-Class, B-Class...
52 minutes ago   1 picture
New York 2014: Chevrolet Cruze facelift to be showcased
Updated Chevrolet Cruze gets cosmetic upgrades and new connectivity tech.
2 hours ago   1 picture
Beijing 2014: Ford Escort production version
Ford Escort will be built in China; likely to use powertrain from...
3 hours ago   2 pictures
New York 2014: Volkswagen Jetta facelift to be shown
Mild update for Jetta sedan, including cosmetic upgrades on the outside and...
5 hours ago   4 pictures

Autocar Magazine

Issue: 176 | April 2014

Toyota’s striking new Corolla driven this month; plus, the new Datsun Go takes on the best in the segment.
Autocar Magazine
Latest Poll
Which hatchback would you choose out of these two?

or View results
Datsun Go
Maruti Wagon R

Vote now
View previous Polls »