Automaker Stellantis will join the Indian market by launching its first EV in the country and has plans to enter Egypt.
Stellantis CEO Carlos Tavares sees an opportunity in the Indian market and will launch its first EV in the country. Starting next year, it will launch EVs under the Citroen brand.
Tavares said, “We are committed to growing and strengthening our presence in India, making this strategic country a key pillar of our global ambition under the Dare Forward 2030 plan,”
“I’m proud of our 2,500 employees in India who are working every day to make Stellantis a key contributor, offering clean, safe, and affordable mobility solutions for its Indian customers and paving the way for the well-being of the next generation.” He added.
Currently, Stellantis operates three manufacturing plants, two R&D centers, and a software center in India. It plans to enter the B-Segment market by launching the Citroen brand with a hatchback, an SUV, and MPV in the next three years—all electrified.
Since 2015, Stellantis has invested over €1 billion into developing a sustainable footprint in the country. Additionally, Tavares highlighted that India’s strategic importance for Stellantis and his vision to evolve its operations is part of the company’s Dare Forward 2030 global strategic plan.
STELLANTIS IN EGYPT
The automaker is also reportedly to build an EV factory in Egypt, according to an official statement by the Egyptian Cabinet on May 17.
Egypt’s Prime Minister Mostafa Madbouli received Stellantis’ representatives on Tuesday to discuss the automaker’s plans to build an EV factory in Egypt.
Stellantis representative Samir Shefran said that the company wants to benefit from Egypt’s incentives in the automotive sector by building an EV factory in the country and supplying its customers locally and internationally. Shefran also delivered a presentation of the company’s activities globally.
According to the Egyptian Cabinet’s official release, the prime minister has welcomed the company’s proposal and “stressing the government’s readiness to provide all possible incentives for the company to expand its business and enter the field of electric cars production in Egypt.”
The government also asked the company to prepare a detailed plan regarding the facility so that the government could take necessary steps to support them.
Accordingly, the Prime Minister also met with Eng. Mohamed Mansour, the former Minister of Transport, and Chairman of the Board of Directors of the Mansour Group, also presented its company’s vision on the factors it believes are essential for the success of electric cars in Egypt.
[MMTM1]For this post, can we have a facebook link instead? I cannot find this on twitter..
