Stellantis takes full control of Tamil Nadu plant, targets 43,000-unit capacity by 2028
Citroën owner Stellantis has acquired CK Birla affiliate HMFCL’s remaining stake in SAIPL, gaining full ownership of its Thiruvallur manufacturing plant. The company plans to lift annual output from 16,000 units in 2026 to more than 43,000 by 2028, with deeper localisation and export expansion.
What happened
Stellantis India · Stellantis acquired CK Birla affiliate HMFCL’s remaining SAIPL stake, taking full control of its Thiruvallur plant. It plans to raise annual
Key facts
- 100% ownership of SAIPL
- 16,000 annual units in 2026
- more than 43,000 annual units by 2028
- over 95% localisation
- eight export markets across four continents
What changed
Stellantis acquired CK Birla affiliate HMFCL’s remaining SAIPL stake, taking full control of its Thiruvallur plant. It plans to raise annual capacity above 43,000 units by 2028, deepen localisation and expand exports for Citroën’s India operations.
Why this matters
Acquiring the remaining SAIPL stake removes a joint-venture constraint and gives Stellantis a fully controlled manufacturing base for India expansion, export programs and future product localisation.
What to watch
- Monthly Citroën India wholesales and retail registrations versus the 16,000-unit 2026 production target.
- Announcements of new export markets, export homologations or shipment volumes from Chennai/Thiruvallur.
- Local-content percentage, supplier contracts and component-manufacturing investments.
- New model launches or production allocations for Jeep, Citroën, Opel/Vauxhall or other Stellantis brands.
- Dealer inventory levels, discounting intensity and residual-value trends.