Deal Street

January 27, 2017

Peugeot To Join Hands With CK Birla Group

Peugeot & Birla Group

Peugeot, a French car manufacturer is all set to join hands with CK Birla Group’s two joint ventures AVTEC and Hindustan Motor Finance Corporation Limited (HMFCL).

AVTEC is one of the India's largest independent manufacturers of power trains and precision-engineered products. Whereas, Hindustan Motors Finance Corporation Ltd. (HMFCL) is a fully owned subsidiary of HM, one of the leading bullet-proof fabricators for Ambassador Cars and Mitsubishi Pajeros. The leading customers for this service include Union and state governments, police, defence services and para-military forces.

Peugeot was listed among the top ten leading global car manufacturers, soon this joint venture will manufacture power trains and cars in India. This marks a great boost to the Make in India program of the Government of India.

Trilegal team led by Partner Yogesh Singh and supported by Counsel, Ramakant Rai, Senior Associate, Sarvesh Saluja, and Associate, Nimisha Mund, advised Peugeot,

CK Birla Group was advised by Khaitan & Co. led by Partner, Bharat Anand.

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