Peugeot declares intention to enter the Indian market

French automotive manufacturer Peugeot has announced its intention to enter the Indian market with both commercial and industrial operations, its first step being to produce a mid-sized sedan car.

The future production site’s location is currently under evaluation.

According to Peugeot, the group has three strategic ambitions: to become more global, to be a step ahead in services and products and to reinforce its operational efficiency.

Its objective is to reach a share of 50 per cent of its sales outside Europe by 2015, compared to 39 per cent in 2010.