When new and established car companies are hesitant to come up with eco-cars, a new Indian venture is planning to showcase an electric hybrid car at the Paris Motors Show scheduled to be held in October.

Argentum Motors, India’s largest automobile contract manufacturer has asked a French automotive design company to develop an electric car. The French company Heuliez is a leading design company but is reeling under bankruptcy from the past six months. With this agreement, Argentum Motors will not only bail the French company but also gain access to the European market with an eco-car. Argentum, set up in 2007 has stepped up promotion as a contract car manufacturer for luxury and super luxury cars in India.