Arab Today, arab today french psa to invest 650 mln euros in india
Last Updated : GMT 09:19:05
Arab Today, arab today
Arab Today, arab today

French PSA to invest 650 mln euros in India

Arab Today, arab today

Arab Today, arab today French PSA to invest 650 mln euros in India

Paris - Xinhua

France's No. 1 car maker PSA Peugeot Citroen announced Thursday an 650-million-euro (928.7-million-U.S. dollar) investment plan in the state of Gujarat, west of India. Under the sharing agreement, the Europe's second largest car maker "will build a cutting edge vehicle manufacturing facility integrating body paint and assembly operations with an initial capacity of 170, 000 vehicles per year with options for further expansion". In a statementon its web site, the French group said the first units produced in India are scheduled in 2014. PSA Peugeot Citroen posted a net profit of 1.13 billion euros (1.61 billion U.S. dollars) in 2010 with a turnover that rose by 15.8 percent to 56.06 billion euros (80.09 billion dollars).

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Arab Today, arab today french psa to invest 650 mln euros in india Arab Today, arab today french psa to invest 650 mln euros in india

 



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