Indian carmakers not threatened by Peugeot's Opel buy
Monday, March 6, 2017, 3:34 PM
Peugeot, which is part of the PSA group, announced a deal to buy General Motor’s German auto brand Opel, for USD 2.3 billion. Indian car makers, have little to worry about as it is unlikely that PSA will bring Opel to India any time soon. The German brand has a fairly negative brand image in India, especially after its abrupt exit from the country.