Stellantis Group To Increase Investments In India

Stellantis Group To Increase Investments, Open More Showrooms & Launch New Models Suited To Indian Drivers

Stellantis group is considering new round of investments in India. The Dutch conglomerate is planning to expand its market share from the current 1%. The automotive giant owns brands such as Jeep, Chrysler, and Citroën.

The Stellantis group has invested Rs. 11,000 crore in India and plans to increase investments to capture the market. The group acknowledges that India is not an easy market to succeed in, and a long-term strategy needs to be employed for this purpose. There may be additional expenditure if new projects become feasible.

The group faces stiff competition from the homegrown automakers like Hyundai, Kia, Tata and Mahindra. Stellantis is planning to use India as an export hub like a few other brands to generate higher profits. Last year, the brand was able to ship 10,000 cars and 300,000 engines with the help of over 500 suppliers.

In terms of future projects, Leapmotor shall launch its offerings soon. In addition to this, the group’s Citroen lineup will expand. The Dutch conglomerate should focus on opening more showrooms and launching new models which are suited to Indian drivers to capitalise on the Indian market.