FCA to Invest $280 Million in India to Build Jeeps
Fiat Chrysler Automobiles has announced it intends to make a sizable investment in its Indian manufacturing joint venture.
Fiat India Automobiles Private Limited is partnered with Tata Motors Limited. FCA is planning on pouring around $280 million into the Asian country to improve its manufacturing facility in Ranjangaon, India, which is just east of Mumbai.
The company is investing this money to support the production of a new Jeep vehicle, which is expected to get underway in the second quarter of 2017. However, they have not given any official indication of what this particular model might be. A small, affordable vehicle, like the new Renegade seems logical for a emerging market like India, but this is purely speculation.
SEE ALSO: 2015 Jeep Renegade Review
FCA CEO Sergio Marchionne said, “Today marks an important step as we continue to expand the availability of Jeep products around the world.” Earlier it was announced that 2015 would be a transformational year for the brand and it appears as though the company is making good on that claim.
Adding production in India will give more people a chance to experience Jeep vehicles. Government officials in the Indian state of Maharashtra fully support FCA’s investment.
Discuss this story on our Jeep Forum.
Born and raised in metro Detroit, Craig was steeped in mechanics from childhood. He feels as much at home with a wrench or welding gun in his hand as he does behind the wheel or in front of a camera. Putting his Bachelor's Degree in Journalism to good use, he's always pumping out videos, reviews, and features for AutoGuide.com. When the workday is over, he can be found out driving his fully restored 1936 Ford V8 sedan. Craig has covered the automotive industry full time for more than 10 years and is a member of the Automotive Press Association (APA) and Midwest Automotive Media Association (MAMA).
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