Chrysler Automobiles or FCA as it is known has announced an expansion to the
local product lineup in India, confirming that an investment of over $250
million (Rs 1828 crore approximately) has been committed towards the production
of four new Jeep SUVs.
all-new local vehicle line-up includes the 2021 made-in-India Jeep Compass, a
locally produced and global-first three-row Jeep SUV, as well as the iconic
Jeep Wrangler and next generation Grand Cherokee flagship, which will both be
locally assembled in FCA’s joint venture manufacturing facility in Ranjangaon.
The four new products will be on Indian roads by the end of 2022.
2021 Jeep Compass is set to be unveiled in India on January 7, 2021 and
production has already commenced. The luxury seven-seat mid-size Jeep,
codenamed H6, will be launched in 2022.
India Managing Director, Dr. Partha Datta said, “Our new investment of $250
million will give us a competitive edge in multiple segments with our new Jeep
SUVs rolling out of Ranjangaon.”
investment is in addition to $450 million we have already committed to our
Indian operations over the past five years. We are delighted to announce our
exciting new products, coupled with our continued commitment to India in Jeep
brand’s 80th anniversary year”, said Dr. Datta
recently announced its footprint expansion in India with investment in a Global
Digital Centre in Hyderabad. The automotive group also expanded its engineering
operations recently and will be creating at least 1000 new jobs by the end of
2021. In 2015, FCA invested in the local development and production of the Jeep
Compass in Ranjangaon. In addition, FCA has upgraded powertrains to meet BS-VI
regulations and invested in transmission and drive-line development for product
configurations offered in India.
Datta added, “We are determined to increase locally-made componentry in our
vehicles which are produced in our joint venture manufacturing facility. Our
plans in India are aimed at increasing the value proposition for customers
through our products and services, working hard on customer satisfaction and
unlocking business opportunities for our business partners.”
Jeep brand made its debut in India in 2016, followed by the launch of the Jeep
Compass in 2017.
Chrysler Automobiles (FCA) designs, engineers, manufactures, distributes and
sells vehicles under the Abarth, Alfa Romeo, Chrysler, Dodge, Fiat, Fiat
Professional, Jeep, Lancia, Ram, SRT brands as well as luxury cars under the
also operates in the components sector, through Teksid, and in the production
systems sector, through Comau, and in after-sales services and products under
the Mopar brand name. In addition, the Group provides retail and dealer
finance, leasing and rental services in support of the car business through
subsidiaries, joint ventures and commercial agreements with specialized
financing services providers.
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