Whalesbook
Stellantis is designating its Hosur, Tamil Nadu plant as its final global manufacturing hub for engines and gearboxes. This strategic move comes as European and US markets prioritize electric vehicle transitions. The Hosur facility will supply these components for internal combustion engine vehicles, catering to markets outside of Europe and the US where such technology will persist. India's strong manufacturing capabilities and its significant domestic market for non-electric vehicles are cited as key reasons for this decision. Stellantis also plans to significantly increase its sourcing of auto parts from India.