With the stake buy, Stellantis, whose portfolio includes Abarth, Alfa Romeo, Chrysler, Citroën, Dodge, DS Automobiles, FIAT, Jeep, now owns 100 per cent in Stellantis Automobiles India Private Ltd and its manufacturing operations in Thiruvallur, Tamil Nadu.
The acquisition marks a defining milestone in Stellantis’ India journey and reinforces the Company’s confidence in the country’s long-term growth potential. Funded through Foreign Direct Investment (FDI), the transaction strengthens Stellantis’ ability to drive deeper operational integration, faster decision-making and greater agility in a market that remains central to its global growth strategy, the company said in a statement.
India is a strategic market for Stellantis, serving as an important hub for manufacturing, engineering and exports. Full ownership of SAIPL provides a simplified governance structure, greater operational flexibility and stronger alignment with the Company’s global priorities, it added.
India offers significant opportunities for expansion. This milestone positions Stellantis to accelerate growth, strengthen exports, deepen local investments and create long-term value for customers, employees, partners and communities, the company said.
In 2017, Stellantis and the CK Birla Group came together to establish a long-term manufacturing and mobility partnership in India.
Over the years, the collaboration has supported the creation of a strong foundation for the next phase of Stellantis’ India growth story, the company said in a statement.
Since the start of vehicle assembly operations in 2021, Stellantis’ Thiruvallur facility has become a key pillar of the Company’s growth strategy in India. The plant manufactures the Citroën C3, ë-C3, C3 Aircross, and Basalt, achieving over 95 per cent localization, the company said.
Stellantis has so far invested Rs 11,000 crore in India to support its long-term growth ambitions, including manufacturing, product development, localization, and capability building. The Thiruvallur facility benefits from a strong supplier and logistics ecosystem while contributing to Tamil Nadu’s position as a leading automotive manufacturing hub.
The company is targeting a production ramp-up of over 160 per cent, growing from 16,000 units in 2026 to more than 43,000 units annually by 2028.
This growth is expected to create significant employment opportunities, with the direct workforce projected to more than double from 610 employees in 2026, while generating substantial indirect employment across the supplier and logistics ecosystem, it said.
Thiruvallur is also expanding its global footprint, serving customers across eight export markets spanning four continents, while continuing to strengthen its reputation for quality, operational excellence and sustainable manufacturing, Stellantis said.
“India remains a key pillar of Stellantis’ growth strategy. Having invested close to INR 11,000 crore in the country to build a strong manufacturing, engineering and export ecosystem, we continue to see significant opportunities ahead. This milestone will enable greater integration and enhance our ability to respond more quickly to customer and market needs,” Shailesh Hazela, CEO and Managing Director, Stellantis India, said.
“As we look ahead, we are committed to driving growth through new product investments, expanded manufacturing capacity, stronger export competitiveness and deeper localisation. India is playing an increasingly important role within Stellantis’ global network, and we see significant potential to further scale our operations and contribution to the country’s industrial growth,” he said.