Stellantis sees India as an important market for growth

Stellantis is committed to expanding its presence in India and believes it will be an important part of the Dare Forward 2030 strategic plan.

The automaker currently operates three manufacturing plants, an ICT hub, a software center and two research and development centers in India. The key to Stellantis’ growth plans in India is a locally developed smart car platform program that allows it to produce many cars less than four meters long and taxed at low rates in the country.

Speaking about the company’s ambitions for India, CEO Carlos Tavares said he expects the country’s revenue to more than double by 2030. Operating income is also expected to double in the coming years.

Also read: The new cheap Citroën will compete with Hyundai Square in India

Stellantis has less than 1 percent of the Indian car market, but in recent years has invested in building a solid local supply chain to make its cars more affordable. In addition to locally manufactured engines and transmissions, Stellantis imports more than 90 percent of Indian-made vehicles from the country.

“We stand ready to increase and strengthen our presence in India, to make this strategic country the backbone of our global ambitions under Dare Forward 2030,” Tavares said in a recent statement. “I am proud of our 2,500 employees in India, who work every day to make Stellantis a key contributor to providing clean, secure and affordable mobility solutions to Indian consumers and paving the way for the well-being of the next generation.”

Manufactured in India as Jeep Wrangler, Compass, Meridian and Grand Cherokee Citroen C5. The new Citroen C3 will also be released locally in the coming months and will be designed, developed and launched in India.

talk to Automatic newsTavares said the problems in China and Russia provide a golden opportunity for India.

“Difficulties give India a greater opportunity than ever before,” Tavares said.

RC Verma

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