Stellantis India has completed the acquisition of its entire stake in the Thiruvallur manufacturing plant, taking full ownership of operations in Tamil Nadu. The company purchased the remaining shares from the CK Birla Group through its affiliate Hindustan Motor Finance Corporation, marking the end of a joint venture that had shaped the facility's production for years.
The move signals Stellantis's growing commitment to the Indian market, one of the fastest-growing automobile sectors globally. Under the revised plan, the Thiruvallur plant is expected to nearly triple its output, scaling from approximately 18,000 units in 2026 to over 50,000 vehicles annually by 2027 — a ramp-up of roughly 160 per cent.
Thiruvallur, located just outside Chennai, has long been a strategic manufacturing hub for Stellantis in India. The facility produces a range of vehicles for both domestic consumption and export markets across Asia, the Middle East, and Africa. Full ownership now gives Stellantis complete control over production planning, investment decisions, and technological upgrades at the plant.
Industry analysts say the expansion aligns with Stellantis's broader India strategy, which includes launching new models tailored to price-sensitive Indian consumers and strengthening its presence in the compact car and SUV segments. The automaker has been steadily increasing its localised production and product portfolio since entering the market more than a decade ago.
The transition from a joint venture to wholly owned operations is expected to streamline decision-making and accelerate capital deployment for capacity expansion, new model launches, and supply chain enhancements. Analysts also note that Indian auto manufacturers are increasingly targeting export growth, and the Thiruvallur plant's proximity to Chennai port gives it a logistical edge for international shipments.
While the CK Birla Group exits as a partner, the deal does not involve job losses at the facility. Stellantis has stated that existing workforce plans will remain unchanged as the company gears up for higher production volumes.
