Psa Peugeot Citroen and General Motors seem ready to land in India. Peugeot announced today at the Beijing Autoshow that it is thinking about how to use GM plants to support the French company's return to the Indian market, thus avoiding a plan of around 650 million euros. Gregoire Olivier, head of operations on the Asian market of PSA, in fact declared that "we will not build our plant as we had planned: There are many other ways to enter the Indian market today that don't require putting 600 million euros on the table."
"Now that GM is our global partner," added Olivier, "we are reviewing our plans all over again." short theglobal alliance between the two partners, which led GM to purchase 7% of Psa Peugeot becoming the second shareholder, already seems to be bearing the first fruits for the French company.
However, the GM spokesman, Lori Arpin, said his group has no plans to assemble cars in India on behalf of Peugeot. In fact, GM already has a joint venture in India with the Chinese Shanghai Automotive Industry Corp.
