Indian paper The Telegraph has revealed to us one of the partners in India that Proton is talking to. Argentum Motors is the new owner of the defunct Daewoo Motors plant in Surajpur, Uttar Pradesh, a state in northern India.
Proton is reportedly talking to Argentum Motors on using the plant for contract manufacturing or sourcing of components. Argentum executive Ajay Singh says Proton was looking into ways to bring down production costs for its Indian market entry, and the Argentum plant provided some ways to achieve that goal. He added that Argentum is also talking to other manufacturers like Daimler AG.