Stellantis to invest Rs 2,000 crore for Citroen brand in Tamil Nadu
Stellantis to invest Rs 2,000 crore for Citroen brand in Tamil Nadu European auto major Stellantis has announced that it will invest an additional Rs 2,000 crore under its Citroen brand in Tiruvallur district, Tamil Nadu. This additional investment will be made over a period of the next 6 years and will take the total investment in the state to Rs 3,250 crore. The non-binding MoU was formally exchanged during the Global Investors Meet in Chennai, in the presence of Chief Minister of Tamil Nadu, M K Stalin. Aditya Jairaj, CEO & MD of Stellantis India said, “This substantial investment under the Citroen brand underscores our commitment to India’s automotive market. Tamil Nadu has consistently demonstrated its suitability for business, offering a conducive environment for growth. With firm state support, we aim to strengthen production capabilities and spearhead technological advancements, reinforcing our position as a driving force for sustainable growth and innovation.”
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