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Stellantis Takes Full Control of India Joint Venture, Expands Production
Stellantis has bought the remaining share of its Indian joint venture.
This means it now fully owns the company and its car factory in Thiruvallur, Tamil Nadu.
The factory builds four Citroën models, including one electric car.
It also sends finished cars to eight other countries.
Stellantis plans to make more than 43,000 cars there each year by 2028.
In 2026, the factory is expected to make about 16,000 cars.
The company also expects the number of factory workers to more than double.
Stellantis says it sees more opportunities to grow its business in India.
Stellantis India acquired Hindustan Motor Finance Corporation’s remaining stake in Stellantis Automobiles India.
The transaction gives Stellantis 100% ownership of the Thiruvallur, Tamil Nadu, assembly facility.
The plant makes four Citroën models and exports completely built units to eight markets.
Annual production is planned to rise from 16,000 units in 2026 to over 43,000 by 2028.
Stellantis says the plant’s direct shopfloor workforce could more than double from 610 employees.
- Who
- Stellantis India acquired the remaining stake from Hindustan Motor Finance Corporation Ltd, a CK Birla Group company.
- What
- Stellantis took 100% ownership of Stellantis Automobiles India Pvt Ltd and its vehicle assembly facility.
- Where
- The facility is in Thiruvallur, Tamil Nadu, India.
- When
- The acquisition was announced alongside plans to increase production from 2026 to 2028; the transaction date was not specified.
- Why
- Stellantis plans to gain full control of the operation and expand production, exports and employment.
Key facts
- Ownership
- Stellantis now owns 100% of Stellantis Automobiles India Pvt Ltd.
- Facility
- Thiruvallur assembly plant in Tamil Nadu, India.
- Current models
- Citroën C3, eC3, C3 Aircross and Basalt.
- Production plan
- More than 43,000 vehicles annually by 2028, up from 16,000 in 2026.
- Workforce
- The plant currently has 610 direct shopfloor employees, with more than a twofold increase expected.
- Exports
- Completely built units are shipped to eight export markets.
- Investment
- Stellantis India said it has invested close to INR 11,000 crore in India.
Quotes
Shailesh Hazela
CEO and Managing Director of Stellantis India
“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.”
financialexpress.com
Sources
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