For global automaker and mobility provider Stellantis, India is a vital growth market and strategic sourcing hub, a key pillar in the company’s global ambition global strategic plan, according to CEO Carlos Tavares.

During a recent press conference in Chennai, India, Tavares outlined India’s long-term importance for the Netherlands-based Stellantis as part of the company’s “Dare Forward 2030” strategic plan and the Indian government’s “Make in India” initiative.

Stellantis has invested more than €1 billion in its Indian operations since 2015 to develop a sustainable footprint in the country and grow its brands, which include Abarth, Alfa Romeo, Chrysler, Citroën, Dodge, DS Automobiles, Fiat, Jeep, Lancia, Maserati, Opel, Peugeot, Ram, Vauxhall, Free2move and Leasys.

A major sourcing hub for vehicles, components and mobility technologies, India is the site of three Stellantis manufacturing plants, ICT hub and software center, and research and development center.

This year, Stellantis India will launch the Jeep Meridian, the Jeep Grand Cherokee, and the new Citroën C3, designed, developed and manufactured in India, for India and export markets.

According to Tevares, Stellantis’ ambition includes developing its Indian supplier base to conform with global quality standards and increasing India’s global competitiveness in the automotive ecosystem.