Groupe PSA to source Rs 15,000 crore of India auto components in 3-5 years

Groupe PSA, the French automobile manufacturer with brands including Peugeot, Citroën and Vauxhall, plans to source €2 billion (₹15,000 crore) worth of components from India in three to five years.

The components include critical parts such as engines, gearboxes and electronic parts for its global operations.

The company has set up a purchasing office in Chennai to bring on board Indian suppliers for its global operations.