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MarketScreener Homepage  >  Equities  >  Euronext Paris  >  Peugeot    UG   FR0000121501

PEUGEOT

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Peugeot : Groupe PSA launches new mobility solutions in India to support Citroën offensive

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10/10/2019 | 04:51am EST
  • Three partnerships and on-going synergetic cooperation signed with major Indian Auto Finance players
  • To provide retail finance and mobility solutions to customers & customized credit solutions to dealers
  • These operations will boost the Citroën offensive in 2020 jointly with the launch of flagship C5 Aircross SUV

Groupe PSA launches 'Citroën Finance' and 'Citroën Lease', in partnership with

  • Axis Bank, India's third largest private sector bank to offer retail finance and customized credit to Group dealers.
  • ALD Automotive a globally renowned automotive leasing and fleet management company to offer full leasing services to the final customers

To enhance customer reach and market coverage, Groupe PSA plans to sign standard cooperation agreements with other leading auto finance players in India. A first partnership was signed with Kotak Mahindra Prime Ltd (KMPL), a leading Non-Banking Finance Company

These partnerships will offer scalable, innovative retail finance and mobility solutions to Citroën customers and customized credit solutions to the Group dealers.

Emmanuel Delay, Executive Vice President India Pacific comments on these initiatives, 'These partnerships are a new step in Groupe PSA objective to progressively establish a meaningful presence in India. We are committed to provide the best-in-class car ownership experience to our Indian customers with competitive Citroën cars, competitive finance offers and dedicated multi-national teams to meet their expectations.'

'Through its mission of 'lifetime mobility finance & service provider', Banque PSA Finance supports the Groupe PSA's Push to Pass plan. This offer provides innovative solutions that meet the new expectations of its customers, present and future. I'm confident that these three partnerships with major Indian finance companies will provide new finance opportunities for Banque PSA Finance and Groupe PSA', added Rémy Bayle, CEO of Banque PSA Finance

Media contact:

Valérie Bensoussan - +33 6 76 86 95 44- valerie.bensoussan@mpsa.com

Disclaimer

Peugeot SA published this content on 10 October 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 October 2019 08:50:02 UTC

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Financials (EUR)
Sales 2019 74 544 M
EBIT 2019 5 984 M
Net income 2019 3 269 M
Finance 2019 8 269 M
Yield 2019 4,38%
P/E ratio 2019 6,00x
P/E ratio 2020 5,69x
EV / Sales2019 0,15x
EV / Sales2020 0,13x
Capitalization 19 589 M
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Mean consensus OUTPERFORM
Number of Analysts 18
Average target price 25,86  €
Last Close Price 21,89  €
Spread / Highest target 39,3%
Spread / Average Target 18,1%
Spread / Lowest Target -22,3%
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Carlos Tavares Chairman-Management Board
Louis René Fernand Gallois Chairman-Supervisory Board
Maxime Jean Alfred Picat Senior Vice President & Operational Director
Philippe de Rovira Chief Financial Officer
Carla Gohin Senior VP-Research & Advanced Engineering
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