Enes
Moscow
WINNER OF THE RF MINSTROY MEDIA COMPETITION 2016
Go to mobile

LATEST NEWS

12:55 17-01-2018
New Information System to Help in Joint Development
All news

ARCHIVE NEWS

«    January 2018    »
MonTueWedThuFriSatSun
1234567
891011121314
15161718192021
22232425262728
293031 

French PSA Group sets up automobile manufacture in India

logo russianconstruction.com
French PSA Group sets up automobile manufacture in India

PSA Group, a French carmaker producing vehicles under the brands of Peugeot, Citroen and DS, signed an agreement with Indian Birla Group on the establishment of joint enterprises engaged in manufacturing and sale of cars and vehicle components in India.


According to PSA Group, initial volume of investments will total approximately €100 million, which will be allocated in production of automobiles and engines in the Indian state of Tamil Nadu.

The partnership provides for two agreements between the companies. One of the documents envisages that PSA Group receives a majority stake in a joint enterprise set up with HMFCL, a subsidiary of Birla Group, and engaged in assembly and distribution of PSA cars in India.

Related publications

PARTNERS

UP