Stellantis Acquires Full Ownership of Ranjangaon Plant
By Business Desk
Stellantis secures full ownership of its Maharashtra plant with a ₹1,100 crore investment, aiming for a 160% capacity boost by 2028.
Stellantis has solidified its presence in the Indian automotive market by acquiring full control of its manufacturing plant in Ranjangaon, Maharashtra.
Strategic Investment Breakdown
- Investment amount: ₹1,100 crore
- Production capacity target increase: 160%
- Target completion year: 2028
- Facility location: Ranjangaon, Maharashtra
This strategic move allows the automaker to streamline its operations and accelerate its growth strategy in the region.
Growth Objectives
- Support growing demand within the Indian market
- Reinforce broader export objectives
- Establish India as a critical manufacturing hub for global operations
The company is positioning its Indian manufacturing facility to play a vital role in both domestic and international markets through disciplined capital deployment.