You are here: Home » Automobile » News
Business Standard

FCA India to expand local product line-up with $250 mn investment

Automobile manufacturer FCA will expand local product line-up in India with an investment of over $250 million

Topics
Fiat Chrysler | automobile manufacturer | Carmakers

IANS  |  New Delhi 

Photo: Reuters
Photo: Reuters

FCA will expand local product line-up in India with an investment of over $250 million.

The company has committed towards the production of four new Jeep SUVs.

Accordingly, the all-new local vehicle line-up includes the 2021 made-in-India Jeep Compass, a locally produced and global-first three-row Jeep SUV, the Jeep Wrangler, and next generation Grand Cherokee flagship, which will both be locally assembled in FCA's joint venture manufacturing facility in Ranjangaon.

All the four new products will be on the Indian roads by the end of 2022, the company said in a statement.

The 2021 Jeep Compass is set to be unveiled in India on January 7, 2021, for which production has already commenced.

The luxury seven-seat mid-size Jeep, codenamed H6, will be launched in 2022, it said.

"Our investment of $250 million more will give us a competitive edge in multiple segments with our new Jeep SUVs rolling out of Ranjangaon," said FCA India Managing Director Partha Datta.

"This investment is in addition to $450 million we have already committed to our Indian operations over the past five years."

Recently, the FCA announced its footprint expansion in India with investment in a Global Digital Centre in Hyderabad.

"The automotive group also expanded its Engineering operations recently and will be creating at least 1,000 new jobs by the end of 2021," the statement said.

In 2015, the FCA invested in the local development and production of the Jeep Compass in Ranjangaon.

Additionally, the FCA has upgraded powertrains to meet BS-VI regulations and invested in transmission and drive-line development for product configurations offered in India.

"We are determined to increase locally-made components in our vehicles which are produced in our joint venture manufacturing facility," Datta said.

"Our plans in India are aimed at increasing the value proposition for customers through our products and services, working hard on customer satisfaction and unlocking business opportunities for our business partners."

The Jeep brand made its debut in India in 2016, followed by the launch of the award-winning Jeep Compass in 2017.

--IANS

rv/sn/tsb

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Tue, January 05 2021. 14:56 IST