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
Crossovers, SUVs, supercars and compact sedans: there’s something for everyone in our May 2014 issue.
What's in this issue?

comments powered by Disqus

Peugeot marks re-entry into India


Most Read
Latest News
New Volkswagen Jetta sedan coming early 2015
Volkswagen Jetta sedan to get a substantial styling update; Will hit...
5 hours ago   3 pictures
Beijing 2014: LWB Range Rover Hybrid launched
The long-wheel based Range Rover will be the first diesel-electric hybrid to...
9 hours ago   1 picture
Toyota Yaris facelift revealed
Updated Toyota Yaris, which will adopt some design themes set out by the new...
14 hours ago   1 picture
Beijing 2014: Porsche Macan gets 2.0-litre four cylinder engine
The Porsche Macan will soon come with a 2.0-litre four-cylinder turbo-petrol...
17 hours ago   4 pictures
Emphasis on alternative fuel vehicles at Paris 2014
Special track outside the venue will allow visitors to test drive some of...
18 hours ago   1 picture

Autocar Magazine

Issue: 177 | May 2014

Crossovers, SUVs, supercars and compact sedans: there’s something for everyone in our May 2014 issue.
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 »