PSA Peugeot Citroen is considering setting up operations in India although it did not say whether this would be a sales office or full-scale production.
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A spokesman told Reuters that it was currently assessing opportunities offered by the India market and the way to enter the country, adding: “but we have not taken any decision yet.”
Earlier today India’s Financial Express reported the French automaker was expected to tie-up with Caparo India, a wholly owned unit of UK’s Caparo Group.
But the spokesman said that there were no “discussions ongoing” with the Caparo Group.
