PSA's Citroen announces grand India plans with premium SUV Aircross

While the Aircross will be a CKD, the company is setting up a production capacity of 100,000 units a year, in the first phase at its Thiruvallur plant, which is a JV between PSA Groupe and the CK......

Political drama in Tamil Nadu rattles investors

Three way split of AIADMK has slowed decision-making, prompting industry to look outside the state, says T E Narasimhan. The political turmoil in Tamil Nadu since the death of J Jayalalithaa in......

Humble Ambassador to become the 'Rolex of cars'

‘This is purely a brand sale. It includes the Ambassador with its variants. Peugeot is likely to relaunch the brand with multiple variants.’ The iconic Ambassador is likely to be......

Old Indian icon becomes French Ambassador

Image: Rows of Ambassador cars are seen at the Hindustan Motors plant in Hindmotors. Photograph: Jayanta Shaw/Reuters. This is the second deal between Peugeot and the C K Birla group. Last month,......