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French automobile major PSA Group announced its partnership with CK Birla Group to manufacture cars in India. 
<blockquote data-lang="en">"I am delighted to announce this partbership with the <a href="https://twitter.com/CKBirlaGroup">@CKBirlaGroup</a>. A meaningful presence in <a href="https://twitter.com/hashtag/India?src=hash">#India</a> is part of our <a href="https://twitter.com/hashtag/PushToPass?src=hash">#PushToPass</a> plan." - CT <a href="https://t.co/Dpwm0gWYDh">pic.twitter.com/Dpwm0gWYDh</a>
— Groupe PSA (@GroupePSA) <a href="https://twitter.com/GroupePSA/status/824176356288241664">January 25, 2017</a></blockquote>
<script async="" src="//platform.twitter.com/widgets.js" charset="utf-8"></script>The company said that it has agreed to put in an initial investment of 100 million Euros (about $107 million) for vehicle and powertrain manufacturing in Chennai, Tamil Nadu.
<blockquote data-lang="en">"The initial <a href="https://twitter.com/hashtag/manufacturing?src=hash">#manufacturing</a> capacity of the sites based in Tamil Nadu will be set to about 100 000 vehicles per year." - CT <a href="https://twitter.com/hashtag/India?src=hash">#India</a> <a href="https://t.co/h1tt3viRA3">pic.twitter.com/h1tt3viRA3</a>
— Groupe PSA (@GroupePSA) <a href="https://twitter.com/GroupePSA/status/824180313043730432">January 25, 2017</a></blockquote>
<script async="" src="//platform.twitter.com/widgets.js" charset="utf-8"></script>PSA Group which has brands such as Citroen, Peugeot and DS Automobile will put in the money to set up a production plant with a initial manufacturing capacity of 100,000 vehicles annually.
<blockquote>The company said in the statement that PSA will hold majority stake in the JV unit for assembling and distributing PSA passenger cars. PSA will also hold 50% in unit for making and supplying powertrains.
</blockquote>
The PSA Group-CK Birla JV will be operational in India by 2020 and will sell vehicles and components in India.
<blockquote data-lang="en">"This partnership will allow PSA Group to bring state of the art, <a href="https://twitter.com/hashtag/ecofriendly?src=hash">#ecofriendly</a> and safe new products to the Indian customers." - CT <a href="https://twitter.com/hashtag/India?src=hash">#India</a> <a href="https://t.co/85E0Pou6IK">pic.twitter.com/85E0Pou6IK</a>
— Groupe PSA (@GroupePSA) <a href="https://twitter.com/GroupePSA/status/824177870713065472">January 25, 2017</a></blockquote>
<script async="" src="//platform.twitter.com/widgets.js" charset="utf-8"></script>The French carmaker will make cars in India amid efforts to reduce its European focus.
<blockquote>PSA CEO Carlos Tavares said that it is still discussing which brand to sell in India. 
 
</blockquote>

French automobile major PSA Group announced its partnership with CK Birla Group to manufacture cars in India. "I am delighted to announce this partbership with the @CKBirlaGroup. A meaningful presence in #India is part of our #PushToPass plan." - CT pic.twitter.com/Dpwm0gWYDh— Groupe PSA (@GroupePSA) January 25, 2017The company said that it has agreed to put in an initial investment of 100 million Euros (about $107 million) for vehicle and powertrain manufacturing in Chennai, Tamil Nadu."The initial #manufacturing capacity of the sites based in Tamil Nadu will be set to about 100 000 vehicles per year." - CT #India pic.twitter.com/h1tt3viRA3— Groupe PSA (@GroupePSA) January 25, 2017PSA Group which has brands such as Citroen, Peugeot and DS Automobile will put in the money to set up a production plant with a initial manufacturing capacity of 100,000 vehicles annually.The company said in the statement that PSA will hold majority stake in the JV unit for assembling and distributing PSA passenger cars. PSA will also hold 50% in unit for making and supplying powertrains.The PSA Group-CK Birla JV will be operational in India by 2020 and will sell vehicles and components in India."This partnership will allow PSA Group to bring state of the art, #ecofriendly and safe new products to the Indian customers." - CT #India pic.twitter.com/85E0Pou6IK— Groupe PSA (@GroupePSA) January 25, 2017The French carmaker will make cars in India amid efforts to reduce its European focus.PSA CEO Carlos Tavares said that it is still discussing which brand to sell in India. 

PSA Group will tie-up with CK Birla Group to set up a manufacturing plant in Chennai.

PSA Group to make cars in India; to invest over $100 million

news-psa-group-to-make-cars-in-india-to-invest-over-100-million-11399

French automobile major PSA Group announced its partnership with CK Birla Group to manufacture cars in India.  I am delighted to announce this partbership with the @CKBirlaGroup. A meaningful presence in #India is part of our #PushToPass plan. - CT pic.twitter.com/Dpwm0gWYDh — Groupe PSA (@GroupePSA) January 25, 2017 The company said that it has agreed to put in an initial investment of 100 million Euros (about $107 million) for vehicle and powertrain manufacturing in Chennai, Tamil Nadu. The initial #manufacturing capacity of the sites based in Tamil Nadu will be set to about 100 000 vehicles per year. - CT #India pic.twitter.com/h1tt3viRA3 — Groupe PSA (@GroupePSA) January 25, 2017 PSA Group which has brands such as Citroen, Peugeot and DS Automobile will put in the money to set up a production plant with a initial manufacturing capacity of 100,000 vehicles annually. The company said in the statement that PSA will hold majority stake in the JV unit for assembling and distributing PSA passenger cars. PSA will also hold 50% in unit for making and supplying powertrains. The PSA Group-CK Birla JV will be operational in India by 2020 and will sell vehicles and components in India. This partnership will allow PSA Group to bring state of the art, #ecofriendly and safe new products to the Indian customers. - CT #India pic.twitter.com/85E0Pou6IK — Groupe PSA (@GroupePSA) January 25, 2017 The French carmaker will make cars in India amid efforts to reduce its European focus. PSA CEO Carlos Tavares said that it is still discussing which brand to sell in India.  