Stellantis, Tata Motors Passenger Vehicles to develop vehicles in India

Business Recorder reported that Stellantis and Tata Motors Passenger Vehicles plan to develop cars aimed at more than 50 international markets and build them in India. The two companies made the announcement on Monday, marking a fresh stage in their partnership. Tata Motors PV's role now extends beyond production into vehicle development.

The deal extends a tie-up now more than two decades old, which until now focused mainly on production through Fiat India Automobiles, the 50:50 joint venture between the two groups. It builds on a February understanding under which they agreed to examine collaboration in production, engineering and supply networks.

Under the arrangement, Stellantis will be able to draw on the Indian automaker's vehicle architecture and technologies, pairing them with its in-house engineering and product creation capabilities. The announcement also underlines India's growing importance, as the world's third-largest car market, for engineering work, product design and exports by global carmakers.