That's the P2X - shown at Paris by Mahindra motorcycles (Mahindra from Mumbai/India ownes the Peugeot 2+3 wheelers department).
Take a look at the Mahindra Mojo which sells for 1,49,520 rupees (ex showroom New Delhi).
Their looks are different, but technically modern Peugeots are Made in India.
https://news.maxabout.com/bikes/mahindr ... ugeot-p2x/Though _not_ having ABS (not required in India) the Mojo weights 182kg.
India does have a 50cc class, but the Mojo is a heavy and expensive (at least for India) beast.
Mahindra (and competitors like Baja & Co) have already 50cc bikes. Now Indians prefer to drive a car (with AC).