Stellantis Unlocks Full Ownership of Tamil Nadu Plant

Stellantis India has secured full ownership of its Thiruvallur manufacturing facility in Tamil Nadu by acquiring the remaining stake from Hindustan Motor Finance Corporation (HMFCL), a CK Birla Group company. Funded through foreign direct investment (FDI), this move allows for faster decision-making and deeper operational integration.

The plant—which currently builds the Citroën C3 and other models with over 95% localization—benefits from a robust local supply chain. This acquisition follows a cumulative investment of over €1 billion by Stellantis in Indian manufacturing, product development, and capability building, reinforcing the company's long-term growth strategy in the region.

News by Rahul Yelligetti.