Stellantis Aims to Transform India into an EV Export Hub

-
Also read :India’s 17th And Odisha’s First Vande Bharat To Launch Today

 

Also read :India-UAE Undersea Gas Pipeline Project To Connect 2,000 KM Energy Corridor
Also read :Billie Jean King Cup: Ankita Raina Led India To 2-1 Win Over Thailand

Stellantis, a global automotive giant, is aiming to establish India as a hub for exporting electric vehicles (EVs), particularly targeting Southeast Asian markets. The company has initiated this initiative with the export of 500 units of its Made in India ‘E-C3’ electric car to Indonesia, with plans to expand to other markets like Nepal and Bhutan. The decision to make India an EV export hub is driven by the country’s cost competitiveness and its commitment to ‘Make in India’. Stellantis India, formed after the merger of Fiat Chrysler Automobiles and PSA Group, currently sells Jeep and Citroen brands in India, focusing on competitiveness and leveraging India as a ‘best cost country.’

Also read :FM Nirmala Sitharaman To Attend World Bank-IMF Spring Meet 2023

The export of the E-C3 marks a significant milestone for Stellantis in India, and the company plans to expand EV exports to other Southeast Asian markets, where EV acceptance is high. Stellantis is evaluating various regions in India for EV exports and is also exporting the Citroen brand to multiple markets, including Africa and Southeast Asia. India’s strategic location and cost competitiveness make it a key player in Stellantis’ global export strategy, as the country’s ability to export to different markets and the quality of its products positions it as a significant contributor to its export volumes.

Comments

Post a Comment

Popular posts from this blog

Strengthening Strategic Ties: India and UAE Forge a Path to Prosperity Through CEPA and New Agreements

-
Image
 The recent agreements between India and the UAE under the Comprehensive Economic Partnership Agreement (CEPA) mark a significant leap in the two nations' bilateral relationship. Both countries are poised to see their trade rise from $60 billion to $100 billion over the next five years, a clear indicator of the growing importance of this partnership. The CEPA aims to eliminate duties on over 90% of traded goods, enhancing trade flows and creating a robust economic bridge between two of the most dynamic regions in the world. This partnership is more than just a trade deal; it represents a mutual commitment to deepening strategic ties. The UAE has consistently been a key economic and energy partner for India, and the five new Memoranda of Understanding (MoUs) further underscore the multifaceted nature of this evolving relationship. One of the standout agreements is the MoU on Barakah Nuclear Power Plant Operations. This deal signifies India’s increasing involvement in global civil nu...
Read more

International Tolerance Day - UAE is "Home of all" and "Beacon of Tolerance"

-
Image
 The UAE stands out as a top destination for Indian nationals, with over 3 million Indians calling it home. This vibrant expatriate community is a testament to the UAE's welcoming environment and the opportunities it offers. The nation’s strategic location, tax-friendly policies, and business-friendly regulations have made it an attractive hub for Indian entrepreneurs and investors. From healthcare to technology, Indian professionals continue to thrive across diverse sectors, benefiting from the UAE's progressive job market and access to global networks.  Culturally, the UAE offers a unique blend of inclusivity, celebrating Indian festivals like Diwali and Onam, fostering a sense of belonging for the expatriate community. Furthermore, the shared values between India and the UAE—ranging from trade partnerships to cultural exchanges—have strengthened the bond, enabling mutual growth and prosperity in both countries. The UAE, with its thriving economy and cultural inclusivity, co...
Read more

UAE and South Korea Forge Strategic Partnerships with New Agreements

-
Image
 The recent signing and exchange of agreements and memoranda between UAE and South Korea mark a significant milestone in strengthening bilateral relations and fostering cooperation in various sectors. On the UAE side, key figures including Dr. Sultan bin Ahmed Al Jaber, Suhail Mohamed Al Mazrouei, and Khaldoon Khalifa Al Mubarak played pivotal roles, reflecting the UAE's commitment to advancing industry, energy, and nuclear technologies. Their counterparts in South Korea, with a broad representation of officials, underscore the importance of this partnership. This collaboration highlights the UAE's strategic focus on enhancing its global partnerships and investing in advanced technologies. The agreements, which span diverse sectors such as energy, infrastructure, and nuclear regulation, not only promise to bolster economic ties but also position both nations at the forefront of innovation and sustainable development. The involvement of high-ranking officials from both countries...
Read more