Stellantis, TMPV complete 20 years of JV, sign MoU to strengthen alliance

Stellantis, a planetary automaker, and Tata Motors Passenger Vehicles, a shaper of cars and SUVs, upon completion of 20-years of their 50:50 associated venture, Fiat India Automobiles Private Ltd (FIAPL) person signed a Memorandum of Understanding (MoU) to research further opportunities for collaboration crossed manufacturing, engineering and proviso concatenation successful India and overseas.

Building connected this concern and leveraging Stellantis’ planetary expertise and Tata Motors Passenger Vehicles’ heavy section capabilities, FIAPL has developed spot crossed manufacturing, powertrain, and supply‑chain excellence, laying a beardown instauration for expanding aboriginal collaboration, the partners said successful a statement.

Grégoire Olivier, main operating serviceman of Stellantis Asia Pacific, said, “FIAPL stands arsenic a testament to what 2 beardown organizations tin execute together. As we commemorate this milestone, we stay focused connected evolving the concern to enactment future-ready manufacturing, innovation, and sustainable maturation successful the region.”

Shailesh Chandra, managing manager & CEO, Tata Motors Passenger Vehicles, said, “Our concern with Stellantis done FIAPL reflects the spot of a long-standing collaboration built connected trust, shared values and a communal vision. We look guardant to deepening this narration with Stellantis successful the years ahead.”