To begin with, Citroen has set up dealerships in 10 major cities in the country but given the pandemic situation, its focus is more on online sales. It has also launched 100% direct online buying for the C5 Aircross SUV which covers customers in over 50 Indian cities outside the dealer network

The new subsidiary would be led by the current president of the EV business, Shailesh Chandra from April 1 while the current managing director of the PV business unit Mayank Pareek will retire from the company in February next year

This is not the first time the two companies have come together. Ford's first foray into India itself was a partnership with Mahindra in 1995, when the two together produced and sold the Escort sedan

Porsche, which is part of the VW group, discontinued all its diesel powertrains from its European line-up. Similarly, Mercedes no longer sells its diesel versions for its passenger cars in the US.

CK Birla Group has also entered into an agreement with the French company to roll out its cars in India, in a proposed Rs 700 crore joint venture.

A newspaper report said that Tata Motors and the French carmaker may also share engine technology and vehicle platforms.

Industry executives say the French automaker decision to go slow on its India plans will not affect Sanand's fortunes. Tata Motors is already making Nano cars at its factory, Ford is constructing a plant and several auto parts suppliers have also set up units.

Peugeot released scant details about the talks. Its statement said only that it was examining \"projects for cooperation and alliances\" related to its strategy of \"globalization and performance improvement.\"

With the emergence of Gujarat, India now has five large auto hubs followed by Chennai that is often called the Detroit of South Asia. The others are Pune, Pantnagar, and the NCR. As the competition between them is intense, states woo investors with facilities and incentives that avoids concentration of labour in one location.

Europe's second largest car-maker PSA Peugeot Citroen on Wednesday announced plans to re-enter the Indian market with a mid-sized sedan, ten years after it made an exit from the country.

Indian markets opened lower Wednesday, following a fall in Asian stocks. Metals were the worst hit, followed by weakness in realty, consumer durables, FMCG, banking, capital goods, oil & gas, power, and auto.

Car makers have always relied on mint-fresh models to drive sales and wrest market share.

Starring JP Morgan’s Kalpana Morparia; ABB’s Ravi Uppal; Santanu K. Baruah of the US Economic Development Administration; Indra Nooyi, CEO, PepsiCo; liquor baron Lord Karan Billimoria; and Bear Stearns’ former MD Nikhil Puri.

The comeback of Ambassador: India's first iconic car