Stellantis bets big on India market; to launch first EV next year

The global automotive major Stellantis is planning to launch its first electric vehicle in India under the Citroen brand next year.

Stellantis Group’s Chief Executive Officer Carlos Tavares expects the company’s revenue to grow faster in India through measures like localisation, as the company plans to launch its first electric vehicle (EV) here next year.

The global automotive major, formed through the merger of French automaker PSA Group and Italian-American automaker Fiat Chrysler Automobiles, will launch the EV under the Citroen brand.

“We are quite confident regarding India. We are working towards localisation. Our first EV will come next year,” Tavares said. The plan is to launch EVs in the compact sub-four metre segment and sports utility vehicle segment in India. Tavares added