“It will be a luxury sedan that could be in direct competing firms with all the likes of Honda Accord, Skoda Excellent along with other automobiles while in the similar segment,” Frederic Fabre, Controlling Director of PCA Motors India, advised the media for the unveiling of Peugeot508 here on Thursday.

Peugeot is investing about Rs 4,000 crore on its Ahmedabad facility, which is anticipated to roll out its initially unit by 2014.

On being asked what kind of market the company will be looking at for sale in the sedan, Fabre mentioned, “Fifty for each cent of India’s car or truck sector is concentrated in 15 cities. We’re going to take a look at these cities in the instances to come.”

Peugeot508 is previously an global providing brand name in Europe as well as the business is keen to deliver the luxury sedan to India. Peugeot will commence with absolutely knocked-down models to begin with. Later, the vehicles would roll out of its Ahmedabad facility, Fabre added.