The French car maker Peugeot said it is investing $884 million for a plant in Andhra Pradesh. It is to tap the potential Indian car market and to strengthen the base. The investment expected to be 700 miiion euros for the estimated production of 1 lakh cars in the plant. Peugeot is one among those tough bidders from the global scene for promoting small cars in India, in which 70% are smallcars and Maruti is the leader. Peugeot’s official approval in this regard is awaited and the negotiations with the state government too is at disposal. But everything will be processed at time loose and not in a hurry, said a spokesman for Peugeot.