PSA to return in India with Birla Group
The PSA Group will formalize in these days its comeback in the Indian market which will pass through a joint venture with Birla Group company located in the capital New Delhi.
The two companies have already signed a memorandum of understanding which provides for the production start-up at its plant in Chennai run by the local Hindustan Motors, which is part of Birla Group.
The factory currently assembles Mitsubishi models and it has an annual capacity of about 12,000 units. PSA is missing from India from the late '90s.