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Peugeot to Re-enter Indian Market

Peugeot Citroen, Europe's second largest caryears. Not to mention, how huge is its
maker is planning to enter the Indian marketemergence  in  these  countries.
with its range of small cars and mid-segment
sedans again. Peugeot is scouting for variousThe French car maker comeback into Indian
options in India and has held negotiationsmarket may prove to be a success. Time to
with various automobile bodies like thetango! Peugeotâ??s joint venture with
Society of Indian Automobile Manufacturesthe age old Doshi family, the makers of
(SIAM), Automotive Component ManufacturersPremier Padmini, in 1995 to make the Peugeot
Association of India (ACMA) and various309  range  of  vehicles  in  India.
component makers from southern India. The
group has 5.2% share of the global automobileWellâ?¦ though the car was
market and controls 14% market share inquite capable and best for Indian conditions,
Europe, and now looking at workable optionsDoshis couldnâ??t sustain the French
in India. Peugeot being a French carmaker hasfriendship, the venture stint was for less
always been known for artistic styling andthan three year. The reasons for this were
brilliant  attention  to  details.labour trouble, plant lockout and shortage of
kits. That was the end of mid-segment sedan
The company was present during the Auto ExpoPeugeot 309 and finally a showdown of the
recently held at New Delhi in January to takeplant after a legal battle with the Indian
a close look and study the vibrant Indianpartner Doshis. The company was among the
automobile industry, but they did notearliest multinationals to enter the country
displayed any of their products. The biggestin 1993-94 and the first to shut down in
names in the global business are already here1997.
and others like Volkswagen and Nissan are in
the  queue.Out of its international lineup, the Peugeot
107 mini hatchback, 206 and 207 hatches seem
Peugeot has spilled its bean not only inlike possible prospects for India along with
developed countries but also in countriesthe 407 sedan.
like Iran, South Africa and China in recent



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