TL;DR
Stellantis India plans to achieve ₹10,000 crore in component exports by 2026, solidifying its role as a global manufacturing and technology hub.
Stellantis is significantly expanding its operations in India, positioning the country as a crucial global hub for powertrain manufacturing and technology. The company has invested ₹11,000 crore in India, with its Hosur plant already exporting 95% of the engines and gearboxes it manufactures.
India serves as one of Stellantis' four global tech headquarters, employing 9,000 individuals in research and development and software development. The company aims to increase its direct and indirect supplier value from ₹4,000 crore to ₹10,000 crore by the next fiscal year, further strengthening its local supplier ecosystem.
Hazela, a Stellantis representative, noted that India is evolving beyond a domestic market to a center that supports operations for various Stellantis brands globally. Engines and gearboxes produced at the Hosur facility power models such as the Peugeot 208, Opel Corsa, and Opel Mokka, highlighting India's growing role in Stellantis' worldwide production.
