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Stellantis doesn’t imagine it could make inexpensive electrical automobiles in Europe and is weighing up the potential for constructing EVs in India for potential export to the Previous Continent.
Whereas not too long ago talking with the media on his first journey to India since taking up the reigns of Stellantis, chief government Carlos Tavares stated that the low-cost provider base in India might meet the automaker’s high quality and value targets by the top of 2023.
“Up to now, Europe is unable to make inexpensive EVs, so the massive alternative for India could be to have the ability to promote EV compact automobiles at an inexpensive value,” Tavares stated. “That is what we’re understanding however it’s not determined. That is what we try to do.”
Learn: Stellantis Is Eyeing India As An Necessary Progress Market
Whereas Tavares acknowledged that India solely accounts for a fraction of the corporate’s world gross sales, he stated the model needs to domestically procure EV elements, together with batteries.
“The customs duties to import a automotive in India are sky excessive. Which implies if you wish to have an inexpensive EV, it must be made in India with Indian suppliers and elements,” he stated. “EV at this time is generally an affordability downside. It’s not about expertise.”
Stellantis has already confirmed that it’s going to launch a small EV in India subsequent 12 months utilizing its Good Automobile platform at the moment underpinning the Citroen New C3. The automaker can be planning two extra Citroen fashions based mostly on the Good Automobile platform.
Whereas the automotive producer intends on constructing dozens of electrical automobiles over the approaching decade, Tavares not too long ago stated that inexpensive EVs are 5 to 6 years away.
Stellantis at the moment operates two meeting vegetation in India, Auto Information experiences, in addition to an engine plant and an data expertise middle. It additionally not too long ago opened a software program hub in Bengalaru that can function a key improvement middle for one of many firm’s expertise platforms.
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