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Peugeot-Citroen says assessing Indian entry

Europe's second-biggest carmaker, PSA Peugeot Citroen, is assessing whether it can establish a unit in India and has not yet taken a decision, a spokesman for the group said.

“We are currently assessing the opportunities offered by the India market and the way to enter this market, but we have not taken any decision yet,” Laurent Cicolella told Reuters by telephone from France.

The Financial Express had reported on Monday the French automaker was expected to tie-up with Caparo India, a wholly owned unit of UK's Caparo Group.

Cicolella said that there were no “discussions ongoing” with the Caparo Group. (Reuters)