Peugeot begins work on Rs 4,000 cr facility at Sanand

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Two months after sigining an agreement with Gujarat government, French car maker PSA Peugeot Citroen on Thursday initiated its India operations at Sanand by conducting a stone laying ceremony for its Rs 4,000 crore facility at the project site situated about 40 kilometers from Ahmedabad. 

The company is slated to roll out its first car from the Sanand plant in mid-2014. The 600 acre plot will produce 1.7 lakh cars in the first phase and will raise it to 3.4 lakh in 2016. The upcoming facility will also be used to manufacture gasoline engines and gear boxes. 

Last month, American auto company Ford Motors began work on its second facility at Sanand which will roll-out the first car in 2014. 

Infrastructure at the plant will be at par with Europe, company officials told ET. Hiring for the India operations have already begun and many officials are being given training at company's facility in France. 

Later on Peugeot will also bring its hybrid (diesel and electric) vehicles to India. It has already tied up with Ford for diesel engines and with BMW for gasoline engines. Of the 600 acres, about 100 acre will be used by its vendors. 

India is poised to become the third largest car market in one decade followed by the US and China. However, it is third month in succession that car sales have dipped in the country

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