Stellantis takes full ownership of the Tiruvallur plant and buys out the CK Birla Group stake

Stellantis takes full ownership of the Tiruvallur plant and buys out the CK Birla Group stake

Stellantis acquires full ownership of Tiruvallur plant, plans to triple output by 2027 and expand with Tamil Nadu government.

Stellantis takes full ownership of Thiruvallur plant

Stellantis has acquired the remaining stake in its Thiruvallur manufacturing joint venture in India, taking full ownership of a vehicle plant the group intends to expand from around 16,000 units this year to more than 43,000 annually by 2028. The company bought the holding owned by Hindustan Motor Finance Corporation, part of the CK Birla Group, in Stellantis Automobiles India Private Limited. Financial terms have not been disclosed. The transac…

Stellantis takes full ownership of Indian manufacturing joint venture in Thiruvallur

Stellantis India has announced the acquisition of the remaining stake held by Hindustan Motor Finance Corporation Ltd. (HMFCL), a CK Birla Group company, in Stellantis Automobiles India Private Limited (SAIPL). Following the completion of the transaction, Stellantis now owns 100% of SAIPL, including its manufacturing operations in Thiruvallur, Tamil Nadu. The acquisition marks a defining […]

Stellantis Buys Out CK Birla Stake In Citroen India Plant - Targets 43k Production By 2028

Citroen and Jeep together recorded 14,342 domestic sales over the last 12 months, while Stellantis targets annual production of over 43,000 units at its Thiruvallur facility by 2028 The post Stellantis Buys Out CK Birla Stake In Citroen India Plant – Targets 43k Production By 2028 appeared first on RushLane.

Stellantis Takes Full Control Of India Plant, Plans To Triple Production To 50,000 Vehicles By 2027

Stellantis has acquired CK Birla Group’s stake in its India joint venture, gaining full ownership of the Thiruvallur manufacturing facility in Tamil Nadu. The automaker plans to increase production from 18,000 units in 2026 to 50,000 vehicles by 2027, targeting domestic sales and exports under its Fastlane 2030 strategy

Stellantis buys out CK Birla stake in Chennai plant, over 1,000 jobs planned

Stellantis has acquired CK Birla Group’s remaining stake in its Chennai-area manufacturing joint venture, gaining full ownership of the Tiruvallur plant. The automaker plans to increase annual production to over 50,000 vehicles by 2027, expand exports and more than double its direct workforce.