Tata Motors, Stellantis join hands to develop cars in India for 50-plus markets
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓Tata Motors and Stellantis signed a definitive agreement to develop cars in India for over 50 global markets.
- ✓The companies will use Tata’s vehicle technology and design platforms at their joint venture facility in Pune.
- ✓Shailesh Chandra said, "The partnership offered an opportunity to develop vehicles in India for domestic and international customers."
Story at a Glance
- Category
- MARKET
- Reported By
- cnbctv18
- Reading Speed
- 3 Minute(s)
- Market Focus
- India Economy
Stellantis and Tata Motors' passenger vehicle unit signed a definitive agreement for Stellantis to use Tata's advanced vehicle technology and architecture to build cars in India for over 50 global markets at their joint venture facility in Pune.
Tata Motors Passenger Vehicles (TMPV), its electric vehicle subsidiary Tata Passenger Electric Mobility (TPEM) and Stellantis India have signed a definitive agreement to expand their partnership into advanced vehicle technology and product development.
Under the agreement, TMPV will provide Stellantis access to its vehicle technology and design platforms. Stellantis will use its engineering and product development capabilities in India to adapt the vehicles for more than 50 international markets, taking into account different customer preferences, regulations and driving conditions.
Unlock the Full Story with ArthNow Premium
To continue reading this complete financial story and in-depth market context, upgrade to ArthNow Premium. Enjoy unlimited access across Web and Mobile.
cnbctv18
Read the full, original unfiltered story directly on the publisher's portal.