India – Groupe PSA has just lately inaugurated a brand new plant in Hosur, Tamil Nadu. Costing round US$85m, it is getting used to deal with the manufacturing of powertrain parts for each the worldwide and home automotive market.
“We wish to be Indian in India. With this inauguration, we've taken one other important step in direction of the execution of our Push to Move strategic plan and dedication in direction of the Indian prospects. The standard of the relation with our accomplice, the CK Birla Group, is paramount to the success of our frequent mission, with the creation of a whole eco-system in India,” commented Carlos Tavares, chairman of the managing board at Groupe PSA.
The plant has an preliminary output of 300,000 transmissions and 200,000 engines per yr. It's owned by PSA Avtec Powertrain – a 50:50 joint-venture firm between Groupe PSA and Avtec that was created in 2017. Avtec is a transmission and powertrain parts producer headquartered in New Delhi and owned by the CK Birla Group.
Outdoors of the India, the French OEM has been busy focusing its growth efforts in its residence market. It just lately added a third shift at its Mangualde plant with a purpose to improve manufacturing of sunshine industrial autos, and unveiled plans to begin making the Peugeot 5008 at its plant in Sochaux as soon as manufacturing in Rennes reaches full capability.
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