Fiat Chrysler to invest $250 m in Jeep SUV production in India

OUR BUREAU have already committed to Mumbai, January 5 our Indian operations over Fiat Chrysler Automobiles NV the past five years,” said (FCA) said on Tuesday it will Partha Datta, MD, FCA India. be investing over $250 million FCA currently holds a less towards the production of than 1 per cent market share four new Jeep SUVs in the In- in India's passenger vehicle dian market. market. It recently an- The all-new local vehicle WX nounced its footprint expan- line-up includes the 2021 FCA's vehicle line-up sion in India with an invest- made-in-India Jeep Compass, includes the 2021 made- ment in a Global Digital a locally produced and global- in-India Jeep Compass, a Centre in Hyderabad. The first three-row Jeep SUV, as global-first three-row automotive group also expan- well as the Jeep Wrangler and Jeep SUV, as well as the ded its engineering opera- the next generation Grand Jeep Wrangler and the tions recently and will be cre- Cherokee flagship, which will next-generation Grand ating around 1,000 new jobs both be locally assembled at Cherokee flagship by the end of 2021. FCA’s joint venture manufac- In 2015, FCA had invested in turing facility in Ranjangaon. the local development and The four new products will ury seven-seat mid-size Jeep, production of the Jeep Com- be on Indian roads by the end codenamed H6, will be pass in Ranjangaon. The of 2022, the company said in a launched in 2022. brand made its debut in India statement. “Our new investment of in 2016. $250 million will give us a “We are determined to in- Jeep Compass launch competitive edge in multiple crease locally-made compon- The 2021 Jeep Compass is set segments with our new Jeep entry in our vehicles which to be unveiled in India on SUVs rolling out of Ran- are produced in our joint ven- Thursday, and production has jangaon. This investment is in ture manufacturing facility,” already commenced. The lux- addition to $450 million we said Datta.