Stellantis Takes Full Control of Tamil Nadu Plant to Boost Output

Automotive major Stellantis has taken full ownership of its manufacturing plant in Thiruvallur, Tamil Nadu, after buying out the remaining stake held by the CK Birla Group company Hindustan Motor Finance Corporation Ltd. The transaction was funded through Foreign Direct Investment.

Plant Growth And Targets

The manufacturing partnership between the two companies started in 2017, with assembly at the plant beginning in 2021. The facility currently builds the Citroen C3, eC3, C3 Aircross, and Basalt models, achieving over 95 percent localisation and exporting to eight markets across four continents. Stellantis plans to increase annual production at the Thiruvallur plant from 16,000 units in 2026 to more than 43,000 units by 2028. The direct workforce is expected to more than double from 610 employees in 2026, while the company also anticipates generating more indirect jobs across supplier and logistics networks. Full ownership aims to simplify company governance and speed up decision-making.

Sales And Investments

Between September 2025 and August 2026, Citroen and Jeep together recorded 14,342 domestic sales, averaging about 1,195 units per month. Citroen accounted for 11,244 of those units, while Jeep contributed 3,098 units. Citroen vehicles are made at the Thiruvallur plant, whereas Jeep vehicles are produced near Pune at the Ranjangaon facility. Stellantis has invested over Euro 1 billion, equal to Rs 11,000 crores, in India across manufacturing, product development, localisation, and capability building. Shailesh Hazela, CEO and Managing Director of Stellantis India, stated that the ownership change will help the company respond faster to customer needs and prioritize export competitiveness.