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Fiat Chrysler Automobiles to infuse USD 250 million in India unit

Tuesday, 05 Jan 2021
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Fiat Chrysler Automobiles (FCA) will make an investment of USD 250 million to grow its presence in India with the launch of four new sport-utility vehicles (SUVs) under its Jeep brand over the next two years.  
 
The company will make the investment to locally manufacture amid-size, three-row SUV, assemble the Jeep Wrangler and Jeep Cherokee vehicles in the country and launch a new version of its Jeep Compass SUV. 
 
The automaker currently has less than one percent share of India's passenger vehicle market. Adding new vehicles to its portfolio is expected to help the company increase local sourcing of components, achieve better economies of scale, reduce costs and boost sales. 
 
The company will produce and assemble the new SUVs at its plant in western India, which it jointly owns with Tata Motors. 
 
The latest round takes the automakers total investment in India to more than USD 700 million, including USD 150 million in a new global tech-centre.
 
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