Peugeot posted a group revenue totalling €27,779 million euro in the first half of 2016, with the automotive division’s revenue amounting to €19.190 million euro up by 2.5% compared to the first half of 2015.
The chief executive of PSA Group, owners of brand of vehicles, Carlos Tavases, who disclosed this in a statement signed by the Head, Corporate Communication, PAN Nigeria, Haroun Malami, attributed the feat to the successes of the car models and pricing strategy.
The statement further said: “Peugeot outlined plans to return to consistent sales growth as the French car maker seeks to build on its recovery from near bankruptcy to healthy profit.
Malami further noted that the Managing Director and Chief Executive Officer of PAN Nigeria, Mr. Ibrahim Boyi, assemblers of Peugeot brand of vehicles in Nigeria, reiterated the company’s operative strategy of dealership expansion base and maintaining its leadership position in the Nigerian automobile market.
