The Indian car market is set to become the third largest car market in the world, and all the global auto majors are eyeing to spread its wings in this country. Quite a few global auto majors such as Hyundai, Honda and luxury auto majors like Mercedes-Benz have totally won over the Indian car market. Japanese automaker Suzuki along with its Indian subsidiary Maruti is still ruling the roost with its monopoly over a major chunk of the Indian automotive industry. On the other hand, quite a few other global automakers could not sustain in the Indian auto market, because of some mistake or the other to successfully deal with the highly competitive space. One such carmaker is the French automaker Peugeot.
Peugeot used to do business in India back in the 90s. The Peugeot 309 sedan was even one of the most favoured among the sedan buyers of the country. However, the French company had to bow out of the domestic Indian market as it could not have sustainable sales figures in the market. However, Peugeot had kept its eyes on the growing and flourishing Indian auto market and kept on planning its re-entry in the country. The company finally tied up with the Indian industrial group CK Birla and announced that it is preparing to start its second innings in India a few years ago. Peugeot had announced that the company will begin its Indian operations for the second time in 2020. However, reportedly this timeline has got delayed to 2021.