Stellantis plans 4,000 crore rupee investment in India and 12 Jeep and Citroen models by 2030

what happened

Stellantis India will spend around 4,000 crore rupees in the country over the next three years, CEO and Managing Director Shailesh Hazela told PTI in an interview. Under the FaSTLAne 2030 roadmap, the company plans to bring 12 Jeep and Citroen models to market by 2030, seven of them new and five refreshed. The first launch is scheduled for the second quarter of calendar 2027.

According to Hazela, Stellantis cumulative investment in India will rise to about 15,000 crore rupees. The company aims to triple domestic sales. Localisation is already 90 to 95 per cent for Citroen models and 70 to 75 per cent for Jeep, and India-developed vehicles are also planned for export across the Asia-Pacific region.

The partnership with Tata Motors is widening. According to businessline, the two companies signed a definitive agreement to develop vehicles for more than 50 global markets, to be built in India at the 50:50 joint venture Fiat India Automobiles. Stellantis has more than 300 dealership centres.

why it matters

For markets this signals a long-term commitment to India, with large capital spending and a wider model line-up likely to intensify competition among carmakers. Hazela also said Stellantis holds 0.25 to 0.27 per cent of the passenger vehicle market, so the goal of tripling sales is ambitious.

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