Mahindra and Peugeot heading for a tie-up?

[Vikrant]

Indian company Mohindra is gearing up to invest some dough in France.

Large scale investment is also being planned my Mahindra in Peugeot as part of this agreement though it is not yet ascertained if there will be counter investments by Peugeot in the Indian auto major. Peugeot has long been looking into a return into India’s auto sector following two previous attempts, one of which was setting up a plant in Sanand, Gujarat (see below). Both did not see much success, mostly due to financial crisis. But now, Peugeot is out of those crisis, thanks to China’s Dongfeng and French government.

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