 "PSA Group plans to launch Citroën brand in India by end of 2021")
European auto major PSA Group targets to procure components worth 1 billion euro from India for its global plants. The company met over 500 potential suppliers from India on Thursday.
In 2018, PSA Group sourced made-in-India components worth 250 million euro (around Rs 2,000 crore). The company has set an ambitious plan of reaching 1 billion euro in less than 5 years, said Michelle Wen, Executive Vice President, Global Purchasing and Supplier Quality, Groupe PSA.
"Groupe PSA in 2018 sourced 42 billion euro worth of components from selected suppliers across the globe and sourcing from India was at 250 million
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