Fiat Chrysler to launch new SUVs and make investments USD 250 million in India

new Delhi. Fiat Chrysler Cars NV (FCA) stated on Tuesday that it might be launching 4 new sport-utility autos (SUVs) underneath its Jeep model within the coming two years. As well as, the corporate will make investments US $ 250 million to increase its presence in India.

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An announcement issued by the FCA stated that it wish to assemble the Jeep Wrangler and Jeep Cherokee autos within the nation and launch a brand new model of its Jeep Compass SUV in addition to construct a mid-size, three-row SUV regionally This funding might be made for

By the way in which, the FCA at the moment holds lower than 1 per cent of India's passenger car market. Including new autos to its portfolio is anticipated to assist the automaker enhance native sourcing of parts, scale back prices and enhance gross sales.

“Our new funding of $ 250 million will give us a aggressive edge in lots of areas,” FCA India managing director Partha Dutta stated on this assertion. He stated that the corporate is dedicated to putting in regionally manufactured elements in its autos.

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The funding has come at a time when vehicle producers globally have been hit by the epidemic, and car producers in India have been witnessing a slowdown within the home market since 2019.

Alam is that Japan's Honda Motor Firm has been compelled to shut one in every of its two vegetation within the nation, and Normal Motors shut down home gross sales in 2017 for export to India final month. Stopped manufacturing of automobiles.


On the similar time, India has additionally seen the entry of recent automakers over time, together with South Korea's Kia Motors and China's SAIC Motor Corp.

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FCA will produce and assemble the brand new SUV at its automobile plot in Western India, which is collectively operated with home automaker Tata Motors. On the similar time, FCA's three-row SUV is anticipated to compete with Ford Motor's Endeavor and Toyota Motor's Fortuner SUV.

With this newest announcement, FCA's whole funding in India has exceeded US $ 700 million, together with $ 150 million within the new international know-how hub.


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