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Peugeot rules out India return for the time being

Peugeot rules out India return for the time being

Snapshot: The original report referred to a collaboration with Tata Motors

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Today we bring bad news to those who were hoping for a PSA return in India as the French automotive conglomerate has officially denied the rumors of a relaunch in our country with the help of local automaker Tata Motors. The two parties were supposed to form a partnership according to a rumor published by an Indian newspaper several months ago quoting several sources close to the matter.

One of Peugeot’s spokesman declared to the media “to date, there is no decision taken regarding a swift return to India.” That being said, it could still happen in the years to come taking into account in 2014 the company established a regions-based organization which among others includes India Pacific so chances are sooner or later PSA will be back in our country.

As for Tata Motors, a spokesman said they don’t have “any specific announcement at present on this” even though several projects are on the agenda but it seems none of them include a tie-up with Peugeot.

It was back in 2011 when Peugeot planned an India comeback after leaving the country nearly two decades ago. The original plan was to invest approximately €650 million for a brand new manufacturing facility located in western India where they were supposed to make an initial production output of 170,000 cars annually.

However, the plan failed to materialize because of the major slowdown in Europe which was almost devastating for Peugeot as they were on the brink of going bankrupt towards the end of 2012. This unexpected problem put the company’s plan to reenter India on hold and now Peugeot is telling us it will be a while until a possible return which is a shame since PSA has some really nice products that would have a lot of appeal among Indian buyers if priced correctly compared to segment rivals.

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