Friday, September 2, 2011

#Peugeot all-set to Hit Indian Roads with 508 sedan by 2012*

>The French auto manufacturer Peugeot Citroen is the only car maker that has not made its presence into the Indian car industry. However, Peugeot has plans to make its re-entry in the country.

>taking the same route as that of the German auto brand Volkswagen. Peugeot intends to launch its sedan car Peugeot 508 in India towards the end of 2012 to take on Volkswagen Passat as one of its potential rivals, the others being Honda Accord, Toyota Camry, Nissan Teana and Skoda Superb. The Peugeot sedan price is most likely to be in the range of Rs 20-Rs25 lakhs
- the company has plans to make its way into the hatchback segment as well.

>the Peugeot is careful about making its re-entry into the India car market after its exit from India about 15 years back. The company has finalized Gujarat as the location to set up its manufacturing facility.

>Peugeot has plans to enter into the hatchback segment, to make its presence known where the established players like Maruti Swift, Maruti Ritz, Volkswagen Polo, Nissan Micra and Hyundai i20 are already ruling the sector. The French auto maker has its Peugeot 107, 206, and 207 hatchback models lined –up for launch in India, that are already being sold in the European car market.

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