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Stellantis targets sharp India turnaround, 6x export jump by 2029

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Stellantis targets sharp India turnaround, 6x export jump by 2029

The company is targeting a three-fold increase in domestic business over the next three years as it steps up to invest an additional ₹4,000 crore, positioning India as a manufacturing and export hub serving more than 50 markets worldwide.

Under its FASTLANE 2030 roadmap, the automaker aims to launch 12 products, strengthen localisation and expand its export footprint to more than 50 countries.

Stellantis is looking to stage a sharp revival of its India business, targeting a threefold increase in domestic business and a sixfold jump in exports over the next three years, as the automaker seeks to leverage its engineering, manufacturing and supplier capabilities to improve competitiveness in one of the world's most cost-sensitive automotive markets. The company, which operates the Jeep and Citroën brands in India, plans to invest an additional ₹4,000 crore in the country, bringing its cumulative investment to nearly ₹15,000 crore. The investment will primarily support new product development, localisation and customer experience, according to Shailesh Hazela, Managing Director, Stellantis India. Advt

The growth ambitions form part of the company's FASTLANE 2030 roadmap, which aims to strengthen its domestic presence while expanding India's contribution to Stellantis' global operations. The strategy places greater emphasis on developing products suited to Indian customer requirements and using the country's capabilities to serve international markets. "India is one of the four largest engineering centres for Stellantis," Hazela told ETAuto , highlighting the country's growing role in product development across the group's multiple brands and markets. The company plans to introduce 12 products in India over the next three years, comprising seven new products and five refreshes.


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