Confirmed: Peugeot to enter India by 2020 in JV with CK Birla Group

The PSA Group, the parent company of Peugeot and Citroen, has officially announced today that it will return to India through a joint venture with the CK Birla Group by 2020. CK Birla Group is currently in a venture with Hindustan Motors and Mitsubishi in India. The partnership between the PSA Group and the CK Birla Group includes two joint venture agreements. The first one is that the PSA Group will hold a majority share in a joint venture company that is being setup with Hindustan Motor Finance Corporation Limited (HMFCL), a subsidiary of…