Stellantis doesn’t consider it will probably make reasonably priced electrical autos in Europe and is weighing up the potential of constructing EVs in India for potential export to the Previous Continent.
Whereas just lately talking with the media on his first journey to India since taking up the reigns of Stellantis, chief govt Carlos Tavares stated that the low-cost provider base in India might meet the automaker’s high quality and price targets by the top of 2023.
“To date, Europe is unable to make reasonably priced EVs, so the massive alternative for India could be to have the ability to promote EV compact vehicles at an reasonably priced value,” Tavares stated. “That is what we’re figuring out 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 international gross sales, he stated the model desires to regionally procure EV elements, together with batteries.
“The customs duties to import a automobile in India are sky excessive. Which implies if you wish to have an reasonably priced EV, it needs to be made in India with Indian suppliers and elements,” he stated. “EV at present is usually an affordability drawback. It’s not about expertise.”
Stellantis has already confirmed that it’s going to launch a small EV in India subsequent yr utilizing its Good Automotive platform at the moment underpinning the Citroen New C3. The automaker can be planning two extra Citroen fashions based mostly on the Good Automotive platform.
Whereas the automobile producer intends on constructing dozens of electrical autos over the approaching decade, Tavares just lately stated that reasonably priced EVs are 5 to 6 years away.
Stellantis at the moment operates two meeting vegetation in India, Auto Information reviews, in addition to an engine plant and an info expertise middle. It additionally just lately opened a software program hub in Bengalaru that can function a key improvement middle for one of many firm’s expertise platforms.