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Stellantis India is targeting to halve vehicle development time and ramp up localisation for certain models as it prepares to launch 12 products across Citroen and Jeep brands under its FaSTLAne 2030 roadmap, MD and CEO Shailesh Hazela said. "Globally, we announced that our ambition is to cut down our development time for bringing new products from 48 months to close to two years, which is around 24 months. That is what we are working on (for) our products, which we are going to launch," Hazela told PTI in an interview. Stellantis has one of its software and technology centre in Bengaluru. "[Our] India engineering centre is part of the four large tech centres in the world. We have the largest tech centre and they develop cars not only for Jeep and Citroen, but for models globally. So they have the same mandate [cut in product development time] which they will be following," he said. Also, Stellantis India has a long-standing partnership with Tata Motors Passenger Vehicle for ...
Automobile dealers' apex body FADA has signed an initial pact with Rosmerta Group firm Rosmerta Digital Services to make vehicle compliances easier using the latter's tech platform that provides customers with a simple digital access point to check their traffic violation details and necessary action. As part of this association, RDSL has introduced Rosmart, its compliance services platform, available through Rosmart.com, where citizens can log in to access challan-related services and address pending traffic violations, the Federation of Automobile Dealers' Association (FADA) said in a statement. Through the platform, dealers can upload cases in bulk or assist customers directly, while customers can visit Rosmart.com or access the service by scanning a QR code available at participating dealerships and customer touchpoints, it said. The need for a reliable platform has also become increasingly important with the proliferation of unauthorised websites and online intermediaries ...
India's automotive sector recorded its lowest quarterly deals transaction volumes in three years at a total of USD 717 million in Q2 2026, according to Grant Thornton Bharat's latest Automotive Dealtracker. In Q2 2026 deal values remained largely strong despite transaction volumes falling to their lowest quarterly level since Q2 2023, Grant Thornton Bharat said in a statement. India's automotive sector recorded 20 overall deals worth USD 717 million in Q2 2026, it added. Overall deal values declined marginally by 4 per cent quarter-on-quarter, as capital remained concentrated in a few high-value transactions across mobility platforms, automotive technology and public market fundraises, it added. "While deal activity slowed during the quarter, investment remained focused on businesses driving the future of mobility," Grant Thornton Bharat Partner and Auto & EV Industry Leader, Saket Mehra said. He further said ,"We are seeing continued interest in EVs, mobility platforms and ...
The global automotive industry is facing a demanding environment due to factors such as uncertainty linked to trade tensions, supply chains and energy prices, according to International Organisation of Motor Vehicle Manufacturers (OICA) President Shailesh Chandra. Speaking at the launch of OICA's Global Automobile Industry's annual sales data at the sidelines of the Beijing Motor Show, he said technological change, geopolitical pressures and diverging public policies are reshaping the global automotive industry. Although there is growth in the automotive industry globally, it is distributed with some regions witnessing growth while others declined, Chandra, who is also the President of Society of Indian Automobile Manufacturers (SIAM) and Managing Director & CEO, Tata Motors Passenger Vehicles Ltd, said. In 2025, global automobile production of passenger vehicles, trucks and buses rose to 9.64 crore units from 9.27 crore units in 2024, an increase of 3.9 per cent, he said. On the .