Peugeot

Peugeot May Build Factory in India to Tap Growing Demand

PSA Peugeot Citroen (PEUGY), France%u2019s biggest carmaker, may build a factory in India to tap growing demand for cars in the country, Bloomberg News reported. The company may spend around 700 million euros ($881 million) on the factory in the southern state of Andhra Pradesh, Bloomberg News said without naming its sources. The factory would have the capacity to produce 100,000 cars a year.