Paul Tan's Automotive Industry News
   

Proton talking to owner of ex-Daewoo India plant

Proton LogoIndian 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.

Related Posts:
Proton to finalise India plan by mid-2008
Proton and the Indian automotive industry

Source

7 Comments »

  1. MyviKiller said,

    February 28, 2008 @ 8:47 pm

    Good move, don’t screw up again this time.

  2. sagaKNIGHT said,

    February 28, 2008 @ 9:43 pm

    mmm..interesting

  3. mystvearn said,

    February 29, 2008 @ 12:45 am

    Expansion like in Indonesia? Hope it works.

  4. wildthingz said,

    February 29, 2008 @ 10:28 am

    hope they didn’t make proton nano there

  5. WreaKing said,

    February 29, 2008 @ 10:28 am

    Yeah.. good move!
    Just remember to install both side mirrors, air conditioning & power steering.

  6. ys said,

    February 29, 2008 @ 1:34 pm

    oh dear,… not again…
    i am bored with all these non-sense

  7. msmar_453 said,

    March 3, 2008 @ 9:04 am

    Go! Go! Power (Proton) Rangers!

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