Stellantis Takes Full Ownership Of Thiruvallur Plant
Automobiles
- 6 hr, 19 min ago
Stellantis, the multi-national carmaking conglomerate that owns Citroen,Fiat, Jeep and Chrysler has acquired full ownership of its Thiruvallur manufacturing plant in Tamil Nadu, taking over the remaining stake previously held by Hindustan Motor Finance Corporation Limited (HMFCL. The deal makes Stellantis Automobiles India Private Limited (SAIPL) a wholly owned subsidiary of the world's 5th largest car manufacturer .