Stellantis India sees India as an export hub for its automobiles whereas it would even be ramping up localisation of the Jeep Compass by greater than 90 per cent over the subsequent three years. India unique Jeep® Compass nine-speed AT Diesel in a 4×2 configuration was launched on Saturday.

The car is priced between ₹20.49 lakhs and ₹23.99 lakhs. The firm presently has 65 to 70 per cent localisation relying on the variant for the Jeep Compass, whereas the Jeep Meridian has almost 80 per cent localisation.

Stellantis has invested about 1 billion euros in India thus far.

The firm expects to double its gross sales in India over the subsequent three months to over 1,000 items, from 500 to 600 .

“Last financial year, we announced that Jeep was profitable in India. The near-term strategy is to maximise the four nameplates that we have today in the next 12 to 24 months. With the launch, we aim to double our sales while there are variants that we need to work on. We are thinking globally and acting locally and this will increase localisation. We want a wider coverage in the segment that we are present in and will introduce new products to India,” Aditya Jairaj, Head of Jeep India Operations and Deputy Managing Director, Stellantis India, advised businessline.

As the corporate progresses with elevated localisation, the costs of its car shall be provided at aggressive costs over the subsequent two to 3 years. The dealership community for the corporate can even be expanded to 80 sellers by the top of December 2023 from 69 in 2022. 

Electric car technique

The firm plans to construct its electrical automobiles in India and can launch its full electrical car technique quickly.

“We are in the advanced stages of discussion on the forms of electrification that includes hybrid, plug-in hybrid or electric vehicles will we bring to India. We will build the electric products in India, depending on the products,” mentioned Aditya Jairaj.

Exports

The firm plans to ramp up its exports, and at current, half of what it makes in India is exported to Japan, Australia, New Zealand, and South East Asia.  This consists of Jeep Compass, Meridian and Commander.

“We want to make India an export hub. Exports will be expanded as our capacity is extremely flexible. Discussions on electric vehicle exports will be taken,” added Aditya Jairaj.