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Stellantis Takes Full Control of India JV, Acquires CK Birla Group's Remaining Stake
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Moneycontrol•21-09-2026, 20:46
Stellantis Takes Full Control of India JV, Acquires CK Birla Group's Remaining Stake
- •Stellantis India has acquired CK Birla Group's remaining stake in Stellantis Automobiles India Pvt Ltd (SAIPL), gaining full ownership of the manufacturing joint venture and its plant in Thiruvallur, Tamil Nadu.
- •The acquisition, funded through foreign direct investment (FDI), aims to simplify governance, integrate operations, and accelerate decision-making in India.
- •Stellantis plans to boost annual production at the Thiruvallur facility by over 160%, from 16,000 units in 2026 to more than 43,000 units by 2028, and more than double its direct workforce.
- •The plant currently manufactures four Citroen models (C3, e-C3, C3 Aircross, Basalt) with over 95% localization and exports vehicles to eight markets globally.
- •Stellantis has invested nearly ₹11,000 crore (over €1 billion) in India, emphasizing its commitment to the country as a key manufacturing, engineering, and export hub for its Citroen and Jeep brands.
Key Questions Answered
Stellantis India has acquired the CK Birla Group's remaining stake held through Hindustan Motor Finance Corporation Ltd, giving Stellantis full ownership of the manufacturing joint venture and its Thiruvallur plant in Tamil Nadu.
Stellantis plans to boost annual production at the Thiruvallur facility by over 160 per cent, rising from 16,000 units in 2026 to more than 43,000 units by 2028.
Stellantis operates the Citroen and Jeep brands in India, with the Thiruvallur facility currently manufacturing four Citroen models which are the C3, e-C3, C3 Aircross, and Basalt.
