Senior Peugeot officials recently met Gujarat chief minister Narendra Modi and discussed their plans. "Stone laying ceremony will take place on November 3 at the 600 acre site at Sanand," said an official in Chief Minister's Office. Officials in the state industries department say that the design of the manufacturing facility has been finalised and its officials are undergoing training in France. Peugeot officials also claimed that the work on the manufacturing plant is going on in full swing.
Meanwhile, American car-maker Ford Motors too has began its work on its second Indian facility that will will roll-out the first car in 2014. While Peugeot plans to invest Rs 4,000 crore , Ford too will invest a similar amount and have a capacity to produce 1.65 lakh cars annually.
The European car-maker will produce B-plus, C and D class cars for the Indian market. Its model 508 will be the first to roll out in 2014. Company officials have earlier said that certain changes in the C-class cars will be made to suit the requirements of the Indian customer. Later, Peugeot will also bring its hybrid (diesel and electric) vehicles to India. It has already tied up with Ford for diesel engines and with BMW for gasoline engines.
Meanwhile, American car-maker Ford Motors too has began its work on its second Indian facility that will will roll-out the first car in 2014. While Peugeot plans to invest Rs 4,000 crore , Ford too will invest a similar amount and have a capacity to produce 1.65 lakh cars annually.
The European car-maker will produce B-plus, C and D class cars for the Indian market. Its model 508 will be the first to roll out in 2014. Company officials have earlier said that certain changes in the C-class cars will be made to suit the requirements of the Indian customer. Later, Peugeot will also bring its hybrid (diesel and electric) vehicles to India. It has already tied up with Ford for diesel engines and with BMW for gasoline engines.
0 comments:
Post a comment