PSA Peugeot Citroen, the second largest carmaker of Europe, will take a final decision by this year-end on whether to enter India, although sometime back it was determined to set up shop in the country.
The company, which had decided to go slow on starting its operations in India due to the global meltdown, is conducting a feasibility study on rolling out its vehicles here as well as for sourcing opportunities for global operations.
Acc to a PSA Peugeot Citroen spokesperson
“We are assessing the Indian market now whether we will be present there or not. These are all speculations that we are launching our products. The decision is yet to be taken, which might happen by the end of this year.
A decision on the industrial and commercial implantation of Peugeot Citroen in India could be made in 2009. The study is focusing on areas such as possibilities for industrial production and being able to meet Indian customers' expectations.
We are also assessing the various opportunities offered by the country in terms of sourcing components”