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Time of India
7 days ago
- Automotive
- Time of India
Stellantis looks to rev up India investments to increase market share
Stellantis is considering a fresh round of investment in India, as the Dutch group that owns automotive brands like Fiat, Jeep, Chrysler and Peugeot aims to grow its retail network and launch new products in a market where its current share is under one per cent . The company, the world's fourth-largest automaker, is also seeking to double its exports from India, said its top executives. Stellantis, which has so far spent ₹11,000 crore in India, said the extent of the new investment will be guided by the scope of its future programmes and the balance between domestic and export-focused operations. India is a "long game" market that requires consistent investment, product relevance and deeper ecosystem integration, Stellantis India managing director Shailesh Hazela said, terming the India plans as part of a 2.0 strategy. "It is not an easy market where success comes quickly, but the fundamentals are in place. We're focusing on doing the right things that align with local needs," he told ET. Japanese and Korean manufacturers have a majority share in India's automobile market, the third largest in the world. Homegrown Tata Motors and M&M are also significant players, accounting for nearly a quarter of sales between them. Stellantis, which remains a marginal player in the local market, is taking a phased approach to expansion, focusing on back-end capability, localisation and select product plays, its executives said. Sustained growth though will depend on how well the company aligns its offerings with Indian consumer expectations and competitive pricing structures. The company's current India line-up includes the Jeep portfolio and Citroen models like the C3 hatchback, C3 Aircross, and the recently launched Basalt. However, none have yet delivered volumes at scale. The firm's retail network and brand visibility lag its rivals. While domestic sales remain modest, India is gradually emerging as a back-end for Stellantis' global operations. "India is the priority for the Asia-Pacific region," said Hazela. "If India is strong, the region benefits in terms of local production, cost competitiveness and speed of response to the market." Last year, the company exported about 10,000 fully built vehicles, along with 300,000 engines and powertrains, from India. India currently accounts for roughly 2 per cent of the group's global volume base of 5-6 million units. The component supply chain has also been significantly scaled up; it now works with 500 local suppliers.
Economic Times
7 days ago
- Automotive
- Economic Times
Stellantis looks to rev up India investments to increase market share
Stellantis, aiming to bolster its presence in India's competitive automotive market, is contemplating further investments to expand its retail network and introduce new products. Despite a current market share of under 1%, the company plans to double exports from India and is focusing on localization and strategic product launches. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Paris: Stellantis is considering a fresh round of investment in India, as the Dutch group that owns automotive brands like Fiat, Jeep, Chrysler and Peugeot aims to grow its retail network and launch new products in a market where its current share is under 1%. The company, the world's fourth-largest automaker, is also seeking to double its exports from India, said its top which has so far spent Rs 11,000 crore in India, said the extent of the new investment will be guided by the scope of its future programmes and the balance between domestic and export-focused is a "long game" market that requires consistent investment, product relevance and deeper ecosystem integration, Stellantis India managing director Shailesh Hazela said, terming the India plans as part of a 2.0 strategy. "It is not an easy market where success comes quickly, but the fundamentals are in place. We're focusing on doing the right things that align with local needs," he told and Korean manufacturers have a majority share in India's automobile market, the third largest in the Tata Motors and M&M are also significant players, accounting for nearly a quarter of sales between which remains a marginal player in the local market, is taking a phased approach to expansion, focusing on back-end capability, localisation and select product plays, its executives said. Sustained growth though will depend on how well the company aligns its offerings with Indian consumer expectations and competitive pricing company's current India line-up includes the Jeep portfolio and Citroen models like the C3 hatchback, C3 Aircross, and the recently launched Basalt. However, none have yet delivered volumes at scale. The firm's retail network and brand visibility lag its domestic sales remain modest, India is gradually emerging as a back-end for Stellantis' global operations. "India is the priority for the Asia-Pacific region," said Hazela. "If India is strong, the region benefits in terms of local production, cost competitiveness and speed of response to the market."Last year, the company exported about 10,000 fully built vehicles, along with 300,000 engines and powertrains, from India. India currently accounts for roughly 2% of the group's global volume base of 5-6 million units. The component supply chain has also been significantly scaled up; it now works with 500 local suppliers.(This reporter was in Paris on the invitation of Stellantis)
Time of India
7 days ago
- Automotive
- Time of India
Stellantis looks to rev up India investments to increase market share
Paris: Stellantis is considering a fresh round of investment in India, as the Dutch group that owns automotive brands like Fiat, Jeep, Chrysler and Peugeot aims to grow its retail network and launch new products in a market where its current share is under 1%. The company, the world's fourth-largest automaker, is also seeking to double its exports from India, said its top executives. Stellantis, which has so far spent Rs 11,000 crore in India, said the extent of the new investment will be guided by the scope of its future programmes and the balance between domestic and export-focused operations. India is a "long game" market that requires consistent investment, product relevance and deeper ecosystem integration, Stellantis India managing director Shailesh Hazela said, terming the India plans as part of a 2.0 strategy. "It is not an easy market where success comes quickly, but the fundamentals are in place. We're focusing on doing the right things that align with local needs," he told ET. Japanese and Korean manufacturers have a majority share in India's automobile market, the third largest in the world. Homegrown Tata Motors and M&M are also significant players, accounting for nearly a quarter of sales between them. Stellantis, which remains a marginal player in the local market, is taking a phased approach to expansion, focusing on back-end capability, localisation and select product plays, its executives said. Sustained growth though will depend on how well the company aligns its offerings with Indian consumer expectations and competitive pricing structures. The company's current India line-up includes the Jeep portfolio and Citroen models like the C3 hatchback, C3 Aircross, and the recently launched Basalt. However, none have yet delivered volumes at scale. The firm's retail network and brand visibility lag its rivals. While domestic sales remain modest, India is gradually emerging as a back-end for Stellantis' global operations. "India is the priority for the Asia-Pacific region," said Hazela. "If India is strong, the region benefits in terms of local production, cost competitiveness and speed of response to the market." Last year, the company exported about 10,000 fully built vehicles, along with 300,000 engines and powertrains, from India. India currently accounts for roughly 2% of the group's global volume base of 5-6 million units. The component supply chain has also been significantly scaled up; it now works with 500 local suppliers. (This reporter was in Paris on the invitation of Stellantis)
Hindustan Times
07-07-2025
- Automotive
- Hindustan Times
Long-term policy continuity and uniformity essential for Indian auto industry's growth: Stellantis India CEO
Stellantis India CEO Shailesh Hazela has stated that Citroen will focus more on lower tier cities to grow across the country with a mix of small and large retail outlets. Check Offers European auto major Stellantis believes a long-term stable policy framework and its uniform roll-out across different states in India is critical for automakers to execute business plans on a long-term basis. The automobile group that currently has its brands like Jeep and Citroen in India feels that the policy framework should work informally across the country so that the industry is able to execute long-term business strategies. In an interaction with PTI, Stellantis India CEO and MD Shailesh Hazela said that any investor who comes to India would like to see a longer horizon in terms of policies. "So our wishlist for the government is that whatever they decide to put across, it should be for a longer period," Hazela stated when asked about government actions which could propel the growth of the Indian auto industry. Also Read : Upcoming cars in India He also noted that it would be great if there could be uniformity in government policies across the country in terms of electric vehicles and taxation, so that companies could plan nationally and not state-wise. "If the government could bring uniformity, which they can, it would really enable the industry to plan in a unified and concise way," Hazela said. The Stellantis official cited the example of different states rolling out separate policies for electric vehicles, where there are variations. Stellantis keeping a special focus on Citroen He noted that in the past few years, the Stellantis group has created supporting infrastructure, and now it plans to scale up its presence, especially for the Citroen brand. The key Stellantis official said a plan is already underway to scale up the brand's presence in the country with the bolstering of the sales network and new product introductions. The French automaker currently sells models like the C3 hatchback, the Aircross SUV, the Basalt coupe-SUV, and the electric e-C3 in the Indian passenger vehicle market. He noted that Citroen will almost double its sales touchpoints in the next one year from around 80 to over 150, sharpening its focus on the smaller towns and semi-urban areas. "We are not sticking to one kind of format for sales touchpoints. We will have a mix of small and large ones," Hazela said. The auto company plans to focus on Tier III and even Tier IV markets, strategically chosen for their proximity to Tier I and Tier II cities and their potential for substantial growth. Speaking about market share aspirations, Hazela said that the company aspire to at least double its share from last year to this year or in the next 12 months, and then take it to the next level. Citroen launched its first car in India, the C5 Aircross SUV, in early 2021 and despite having the abovementioned models in its portfolio, remains a small player in the over 40 lakh annual passenger vehicle market. Hazela said the brand has the capability to roll out products based on multiple energy platforms and would introduce such models based on market demand. "We will continue to explore CNG, because that's the available fuel in a sustainable way, we have our EV, which will continue to grow," he added. Get insights into Upcoming Cars In India, Electric Vehicles, Upcoming Bikes in India and cutting-edge technology transforming the automotive landscape. First Published Date: 07 Jul 2025, 07:23 AM IST
Time of India
07-07-2025
- Automotive
- Time of India
Stellantis calls for long-term, uniform policy framework to drive auto sector growth in India
Global automotive group Stellantis has urged the Indian government to implement a stable, long-term policy framework with uniform execution across states to enable automakers to plan and invest with greater confidence, as per Times of india. Stellantis, which operates in India through brands such as Jeep and Citroën, believes that consistency in policy, particularly concerning electric vehicles (EVs) and taxation, is essential for the auto industry's sustainable growth. Shailesh Hazela, CEO and Managing Director of Stellantis India , emphasised the need for predictability in government action. 'Any investor who comes to India would like to see a little longer horizon in terms of policies,' he said, highlighting the importance of long-term clarity for executing business strategies. Hazela noted that variations in EV policies across different states create challenges for automakers trying to adopt a cohesive national approach. 'It would be great if there could be uniformity in policies across the country in terms of EVs and taxation so that companies could plan nationally and not state-wise,' he added. Citing examples of differing EV incentives and tax structures being rolled out by various state governments, Hazela stressed that such discrepancies hinder the formation of a unified strategy. 'If the government could bring uniformity, which they can, it would really enable the industry to plan in a unified and concise way,' he said. Stellantis' remarks come at a time when the Indian auto sector is witnessing rapid technological transitions and increasing investor interest, particularly in the EV space.
