Stellantis India acquired the remaining stake held by Hindustan Motor Finance Corporation Ltd. in Stellantis Automobiles India Private Limited on 21 September 2026. The transaction gave Stellantis full ownership of the Tiruvallur manufacturing facility in Tamil Nadu and placed the plant under complete control of Stellantis Automobiles India Private Limited.
Ownership Structure and Corporate Background
Stellantis and the CK Birla Group formed their manufacturing and mobility partnership in 2017. Vehicle assembly at the Tiruvallur facility began in 2021, and the plant operates as part of Stellantis’ India manufacturing network.
Plant Operations and Vehicle Portfolio
The Tiruvallur plant manufactures Citroën models, including the C3, ë-C3, C3 Aircross, and Basalt. The facility has achieved more than 95% localisation, which means a large share of components and inputs are sourced within India.
Investment, Capacity and Exports
The acquisition was funded through Foreign Direct Investment. Stellantis has invested close to ₹11,000 crore in India, and the Tiruvallur plant functions as an export hub that ships vehicles to eight markets across four continents.
Important Facts for Exams
- Stellantis is a multinational automobile company formed in 2021 through the merger of Fiat Chrysler Automobiles and Groupe PSA.
- Foreign Direct Investment refers to cross-border investment in which a foreign investor acquires ownership or control in a business enterprise.
- Tamil Nadu is one of India’s major automobile manufacturing states and has several industrial clusters in the Chennai region.
- Citroën is a French automobile brand that is part of the Stellantis group.
Employment and Production Plans
Stellantis has projected a major increase in production at the Tiruvallur plant in the coming years. The expansion is linked to higher direct employment and additional indirect jobs in the supplier and logistics ecosystem.
