The company, PSA Peugeot Citroen, is ready to invest about 2,000 crore during the first phase of its proposed assembly and manufacturing facility.
The company has shortlisted two site for its facilities. The company is in talks with chief of state and officials from the Department of Industries & Commerce, Government of AP to avail the tax benefits and other incentives, the State offers.
The plant is expected to produce cars and support ancillary units. The facility is likely to encompass a dye manufacturing facility for car components, an R&D team for design, body-building shop, new technologies for a central-controlled room for regular functioning besides a testing unit.