Stellantis Takes Full Control Of Citroen India Plant, Targets 43,000 Units By 2028

Stellantis has taken full control of its Thiruvallur manufacturing facility in Tamil Nadu after acquiring the remaining stake held by Hindustan Motor Finance Corporation Ltd. The move grants Stellantis complete ownership of the operations alongside a clear manufacturing target. The plant currently manufactures four Citroën models: Citroen C3 Aircross. The facility's dimensions and engine outputs are not specified in the article. The plant's production target is to reach over 43,000 vehicles annually by 2028, up from approximately 16,000 units in 2026. The new target represents an increase of more than 160 percent in just two years. The facility's localization rate is over 95 percent, with vehicles built at this site being exported to eight global markets across four continents.