Peugeot has begun evaluating locations for its car project in India. It has kicked off negotiations with the Andhra Pradesh government that has offered to allocate around 800 acres of land near Hyderabad. Peugeot is looking at an investment of Rs 1,500 crore for the project. Tamil Nadu is also on the company’s radar, amid expectations that Peugeot will roll-out low cost cars in emerging markets like India by 2010. It is also not clear whether the French auto major will bring in the Peugeot or the Citroen brand first.
“We are evaluating several locations across India and a team from Peugeot is expected in the country in the second week of June to take a decision on the location,” said a senior Peugeot India official.
The state offered a Rs 300 crore cash compensation to Tata Motors for re-locating Nano from Singur and setting up an integrated plant here. To sweeten the deal, it offered 1,000 acres of free land in Hyderabad, Vizag, Hindupur and Tada in Nellore district, and a slew of fiscal incentives making investment on the project virtually free.
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June 6th, 2009 at 7:50 pm
Peugeot will have to work very very hard to erase the memories of their last trip to India in form of Peugeot 309.
June 7th, 2009 at 12:57 pm
Sumit, but they did profit from selling their old school diesel TUD5 engines.
June 7th, 2009 at 11:38 pm
Dear sir,
As per your advertisement of land requirement, we are having land at chennai bangalore national high way,more than 765 acres to 1000 acres,frontage in National highway, and 2.5 km village road surrounded with the land,
Another land in the same Chennai Bangalore National high way more than 5000 acres,
contact us through mail for futher dicussion and full details,
Thanking you
M.K.Shanmuganathan
mkshanmuganathan@gmail.com
June 8th, 2009 at 12:04 am
I dont believe this!
June 8th, 2009 at 11:22 am
Neither do I
June 8th, 2009 at 2:52 pm
we can send all nessasary documents, if we receive mail diretly from peugeot
June 28th, 2009 at 11:07 am
dear sir,
we are having lands in zaheerabad,vikarabad route of hyderabad. We can arrange in other location s also
June 28th, 2009 at 9:57 pm
Rajesh, how much land do you have?