Peugeot will return to India with a INR40bn (US$890m) investment in a new factory at Sanand where Tata Motors builds the Nano, according to reports in the financial daily Mint.

Sanand is in the western state of Gujarat and the newspaper quotes three unnamed state officials and two Peugeot officials confirming the development of a 300-acre site there.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Peugeot confirmed in February that it was planning to re-enter the Indian market and that it was evaluating a site at the time. The French company had a troubled joint venture with India’s Premier Automobiles in the 1990s which was officially ended in 2005.

Just Auto Excellence Awards - Have you nominated?

Nominations are now open for the prestigious Just Auto Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!

Nominate Now