Stellantis acquires full ownership of Indian manufacturing joint venture
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Stellantis India has acquired the remaining stake in Stellantis Automobiles India Private Limited from Hindustan Motor Finance Corporation Ltd., achieving full ownership of its manufacturing operations in Thiruvallur, Tamil Nadu. This FDI-funded transaction enhances Stellantis' operational integration and agility in the Indian market, pivotal for its global growth strategy.
The acquisition reflects Stellantis' commitment to India's long-term growth potential, marking a significant milestone in its journey since 2017.
Not investment advice. For informational purposes only.