Leading European auto maker Groupe PSA starts assembling cars in India
Source | wap-business–standard-com.cdn.ampproject.org | T E Narasimhan
Groupe PSA will kick-start its journey with a premium SUV. The company is working on a new platform and India will be the first market to have products emanating from it.
Europe’s leading car maker, Groupe PSA has started assembling cars at its plant near Chennai. The first product get off the assembly line and likely to hit the market early next year is the company’s premium SUV C5 Aircross.
In 2017, PSA Groupe announced a partnership with the CK Birla Group to re-enter the Indian market. The company decided to invest about Rs 2,400 crore in Tamil Nadu.
Eric Apode, senior vice-president at PCA Motors Pvt Ltd India, said today that the company held a ceremony at the its Thiruvallur plant. He added that the C5 Aircross is the firm’s first