Over the past five years, FCA has invested over $700 million in its Indian operations
Four new local products to be launched in India by the end of 2022
New Jeep Compass is market-ready and set for imminent India launch
First ever mid-size three-row Jeep confirmed for India
Iconic Jeep Wrangler to be locally assembled in Ranjangaon
Next generation Grand Cherokee to be locally assembled in Ranjangaon
Bengaluru, NFAPost: FCA announced an expansion to the local product lineup in India, confirming that an investment of over $250 million has been committed towards the production of four new Jeep SUVs.
The all-new local vehicle line-up includes the 2021 made-in-India Jeep Compass, a locally produced and global-first three-row Jeep SUV, as well as the iconic Jeep Wrangler and next generation Grand Cherokee flagship, which will both be locally assembled in FCA’s joint venture manufacturing facility in Ranjangaon. The four new products will be on Indian roads by the end of 2022.
The 2021 Jeep Compass is set to be unveiled in India on January 7, 2021 and production has already commenced. The luxury seven-seat mid-size Jeep, codenamed H6, will be launched in 2022.
Commenting on today’s announcement, FCA India Managing Director Dr. Partha Datta said the company’s new investment of $250 million will give us a competitive edge in multiple segments with our new Jeep SUVs rolling out of Ranjangaon.
“This investment is in addition to $450 million we have already committed to our Indian operations over the past five years. We are delighted to announce our exciting new products, coupled with our continued commitment to India in Jeep brand’s 80th anniversary year”, said Dr. Partha Datta
FCA recently announced its footprint expansion in India with investment in a Global Digital Centre in Hyderabad. The automotive group also expanded its Engineering operations recently and will be creating at least 1000 new jobs by the end of 2021. In 2015, FCA invested in the local development and production of the Jeep Compass in Ranjangaon. In addition, FCA has upgraded powertrains to meet BS-VI regulations and invested in transmission and drive-line development for product configurations offered in India.
Dr. Patha Datta added the company is determined to increase locally-made componentry in its vehicles which are produced in joint venture manufacturing facility.
“Our plans in India are aimed at increasing the value proposition for customers through our products and services, working hard on customer satisfaction and unlocking business opportunities for our business partners,” said Dr Partha Datta.
FCA recently announced a commitment of $150 Million to Set Up Global Digital Hub In Hyderabad. FCA ICT India, FCA’s new innovation and technology development facility is the company’s largest Digital Hub outside of North America and EMEA. The investment significantly expands the automobile manufacturing group’s presence in the country.
FCA ICT India will create nearly 1,000 new cutting-edge technology jobs by the end of 2021 and has plans to increase hiring over the next two to three years. The newly recruited employees will work on exciting products and concepts that will define the future of mobility at FCA.
The Jeep brand made its debut in India in 2016, followed by the launch of the award-winning Jeep Compass in 2017. The storied SUV brand has carved a premium position for itself in India, by setting new benchmarks in safety, engineering quality and capability.
Jeep was recently recognized as India’s Most Trusted SUV Manufacturer Brand in TRA’s 2020 Brand Trust Report.
Fiat Chrysler Automobiles (FCA) designs, engineers, manufactures, distributes and sells vehicles under the Abarth, Alfa Romeo, Chrysler, Dodge, Fiat, Fiat Professional, Jeep, Lancia, Ram, SRT brands as well as luxury cars under the Maserati brands.
FCA also operates in the components sector, through Teksid, and in the production systems sector, through Comau, and in after-sales services and products under the Mopar brand name. In addition, the Group provides retail and dealer finance, leasing and rental services in support of the car business through subsidiaries, joint ventures and commercial agreements with specialized financing services providers.
FCA is an international auto group engaged in industrial activities in the automotive sector through companies located in 40 countries and has commercial relationships with customers in approximately 150 countries.