Peugeot-Citroen or investment of nearly 9 billion in India the first factory building
Integrated foreign coverage, according to an insider, France automobile manufacturers PSA Peugeot Citro?n (PSA) likely will invest 700 million euros (approximately $ 8.86 million) in India set up a factory.
The Insider , Peugeot Citroen investment in the plant will be constructed at the Andhra Pradesh in southern India, with an annual production of 10 million cars. In addition, Peugeot-Citroen high-rise will decide, then, and the Board of Directors of the company and the Government of India for further negotiations.
In 1997, Peugeot-Citroen quit India local joint venture company, officially quit India market. The Peugeot-Citroen India investment construction means that after a dozen or so after returning to India in the market.
India car market known as the world's fastest-growing, one of the three major markets. Global Cheqi competing to scramble India this big cake. In addition to Peugeot-Citroen , Reynolds Toyota and , increased investment in India market.
According to the J.D. Power