The Economic Times

Stellantis India targets to halve vehicle development time, boost localisation

Stellantis India plans to halve vehicle development time to approximately two years as part of its strategy. The company aims to increase localisation levels, achieving over 90 percent for Citroen and 70-75 percent for Jeep. An investment of Rs 4,000 crore will support the launch of 12 new models over the next three years. Jeep will introduce four new models across various segments, while Citroen will launch three new vehicles.