Stellantis, one of the best world car car, will launch new petrol and electric cars in India, but does not plan to make investments in the field of the Government EV policy for local production.The company, which has invested 11,000 RS in India and sells cars with the Citroen and Jeep brands, plans to drive in a series of new cars in the country in the coming years to earn market shares.
Last year he sold only 7,500 units in the internal market while he begins to resize the operations after deciding to stop the group’s Fiat brand.
Shailesh Hazela, MD and CEO of Stellantis in India, told Toi that the group is bullish on the India-EU FTA that-how concluded-it will help to introduce global models and technologies more quickly to India.“A commercial agreement is always good for both sides as they can take advantage of mutual forces … a FTA in India-EU will work for both as we can export more cars made to India and also bring some of the global products, test the market and therefore focus on location if they work. Furthermore, it can become an opportunity for export for the Indian components while they can be shipped to countries where we will be in production.”
The electric version of the Premium C5 SUV is believed to be examined for India through the FTA route if it materializes.
Stellantis currently sells cars such as Citreon C3 Mini, Electric C3, Basalt Coupé and C5 Aircross in India, apart from Jeep models such as Compass, Meridien and Grand Cherokee. While Citroen cars are made in Tamil Nadu in a factory that the company has acquired from the CK Birla group, the Jeep models are made in the Maharashtra through a manufacturing JV with Tata engines.
Hazela said that there are plans to enter new cars in India and the effort will be to drive in “premium at affordable” models that are focused in the Lakh RS 10-25 price range. “Many are on the drawing table starting now … but attention will continue to be on the SUVs, where the customers are located.”
He admitted that the volumes in India are currently low, mainly as these are the first days for the brand and since it is difficult to compete with the established players. “The Indian market is very complex. It takes time to make your place. It takes time to build brands and trust.”
The group also used its factories in India to export cars, in particular the Citroen brand vehicles that are shipped to Indonesia, Asean, Malaysia, Egypt and South Africa.
In the new EV policy for electric, he said that the company is not eager to try.
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