TL;DR
Stellantis has taken full ownership of the Thiruvallur plant in India, planning a 160% production increase by 2027 to boost its market presence.
Stellantis has announced its acquisition of full ownership of the Thiruvallur plant in India, a strategic move aimed at substantially increasing its production capabilities in the region. The automotive giant is targeting an impressive 160% production ramp-up by 2027, signaling a major investment and expansion plan for its operations in India.
This takeover and ambitious production target underscore Stellantis's growing focus on the Indian market, reflecting confidence in its potential for growth. The enhanced manufacturing capacity is expected to support the company's plans for introducing new models and meeting rising consumer demand, further solidifying its presence in the competitive Indian automotive industry.
