French car manufacturer Peugeot is establishing joint ventures with two CK Birla Group entities – AVTEC and Hindustan Motors Finance Corporation.
AVTEC is one of India’s largest independent manufacturers of powertrains and precision-engineered products. The joint venture companies will manufacture powertrains and cars in India.
Trilegal is representing Peugeot on the deal. The team is being led by partner Yogesh Singh with support from counsel Ramakant Rai, senior associate Sarvesh Saluja and associate Nimisha Mund.
Khaitan & Co, led by partner Bharat Anand, advised the CK Birla Group.