FCA invests US$ 280-million in Indian JV; expands Jeep production footprint

Fiat Chrysler Automobiles N.V. (FCA) has announced its intent to invest approximately US$ 280-million in its manufacturing Joint-Venture (JV), Fiat India Automobiles Private Limited, with Tata Motors Limited. The investment in the manufacturing facility in Ranjangaon, India,
will support the production of a new Jeep vehicle and is expected to begin production in the second quarter of 2017.

"Today marks an important step as we continue to expand the availability of Jeep products around the world," said Sergio Marchionne, CEO, FCA.  "Earlier this year, we indicated that 2015 would be a transformational year in the globalization of the brand and this announcement reinforces that commitment. Establishing Jeep production in India will give us the opportunity to offer even more people the chance to experience the freedom and adventure that can come from behind the wheel of a Jeep vehicle. We are pleased that this investment will strengthen FCA presence in India and are confident in the ability of the joint venture to produce world class products like those carrying the legendary Jeep nameplate."

The announcement was made as a delegation, led by the State of Maharashtra's Chief Minister Devendra Fadnavis, met with Mike Manley, President & CEO - Jeep Brand, FCA - Global and COO of Asia Pacific Region, and other Company representatives in the FCA North American headquarters in Auburn Hills, Mich.

Posted in: Asia Pacific,Assembly/Manufacturing Plant,FCA,Fiat Chrysler Automobiles,Fiat India Automobiles,India,Investment,Jeep,Joint-Venture,Sergio Marchionne