Peugeot could return to India through venture with CK Birla Group

French newspaper Les Echos, recently reported that the automobile manufacturer PSA Group, will make an announcement this week stating that it will return to India in a venture with the CK Birla Group. The PSA Group is the parent company of Peugeot and Citroen, while the CK Birla Group is currently in a venture with Hindustan Motors and Mitsubishi in India. Reports suggest that the venture between the two parties include plans to set up an assembly plant in Chennai with a current annual production capacity of 12,000 units. However, a PSA…