Peugeot set to establish R4,000-crore plant in Sanand
State government sources indicated that the stage is all set for clinching a deal with French car manufacturer PSA Peugeot for setting up R4,000-crore four-lakh-cars-a-year plant in the vicinity of the Ford and Nano facilities at Sanand. Sources said the four member team representing Europe’s second largest car maker comprising Gregoire Olivier, CEO of the Asian operations of PSA Peugeot Citreon and Frederic Fabre, MD of PSA Peugeot’s India project are visiting Ahmedabad on Thursday to sign an MOU for the project with the state government.