Stellantis takes full control of India JV, targets 160% Thiruvallur output increase by 2028
Stellantis has acquired its partner’s remaining stake in SAIPL, taking full ownership of the Thiruvallur manufacturing venture. The automaker plans to lift annual output from 16,000 vehicles in 2026 to more than 43,000 by 2028 and double direct shopfloor staffing to over 1,220.
What happened
Stellantis India · Stellantis has taken full ownership of its Thiruvallur Citroen assembly JV and plans to lift annual production above 43,000 units by 2028.
Key facts
- Stellantis acquired HMFCL's remaining stake in SAIPL, taking ownership to 100%
- Thiruvallur output planned to rise more than 160%, from 16,000 units in 2026 to over 43,000 by 2028
- Direct shopfloor workforce expected to rise from 610 to more than 1,220
- Stellantis has invested nearly INR 11,000 crore in India
- Ranjangaon vehicle capacity: 222,000 units annually
What changed
Stellantis has taken full ownership of its Thiruvallur Citroen assembly JV and plans to lift annual production above 43,000 units by 2028. The company will more than double shopfloor staffing and is developing a new Jeep model with Tata Motors.
Why this matters
Full ownership gives Stellantis tighter control over Thiruvallur as it scales annual output from 16,000 vehicles in 2026 to more than 43,000 by 2028 and doubles direct shopfloor staffing.
What to watch
- Model-launch announcements and confirmed production allocations for Thiruvallur.
- Monthly Citroen and Jeep India wholesales, retail registrations, inventory levels and discounting.
- Export homologation, port-shipment activity and destination-market announcements.
- Supplier capex, localization percentages and new vendor contracts in Tamil Nadu.
- Hiring pace versus the stated 1,220-plus direct-workforce target.