Argentum Motors - A new force to reckon with

Finally Argentum Motors seems to be heading towards the right direction.Initially there was all this talk about them using the dyes of the outdated fiat uno and using it to sell a cheap diesel hatchback in the country.Argentum wants to become a much bigger player in the country,they have taken over the plant of Daewoo india ltd[the third largest automobile factory in the country] and not only are they looking at passenger car segment but also the light commercial vehicle as well as the commercial vehicle segment.

The Daimler-Hero JV may seek Argentum motors help for their LCV's.While Peugeot is considering a JV for manufacture of cars.In addition Proton malaysia[as part of their indian foray]too seem to be interested and have be in touch with Argentum is what is being said.Its unlikely however that both Proton as well as Peugeot could be part of the JV since they have not been able to get together internationally.Peugeot and Naza may be the likely candidates for the passenger car JV with Argentum.

Argentum has not officially commented on any of the developments and all they say is that they would be providing their component manufacturing facility to OEM's across the world.

Argentum Motors is a company floated by Mr.B.V.R Subbu, former President of Hyundai Motors, and Ajay Singh of Spice Jet.

[source:Machinist.in]

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Argentum Motors - Global Powertrain Player