FCA India expands local product lineup with $250 Mn investment

FCA today announced an expansion to the local product lineup in India, confirming that an investment of over $250 million has been committed towards the production of four new Jeep SUVs. The all-new local vehicle line-up includes the 2021 made-in-India Jeep Compass, a locally produced and global-first three-row Jeep SUV, as well as the iconic Jeep Wrangler and next generation Grand Cherokee flagship, which will both be locally assembled in FCA’s joint venture manufacturing facility in Ranjangaon. The four new products will be on Indian roads by the end of 2022. The 2021 Jeep Compass is set to be unveiled in India on January 7, 2021 and production has already commenced. The luxury seven-seat mid-size Jeep, codenamed H6, will be launched in 2022. Commenting on today’s announcement, FCA India Managing Director, Dr. Partha Datta said, “Our new investment of $250 million will give us a competitive edge in multiple segments with our new Jeep SUVs rolling out of Ranjangaon.” “This investment is in addition to $450 million we have already committed to our Indian operations over the past five years. We are delighted to announce our exciting new products, coupled with our continued commitment to India in Jeep brand’s 80th anniversary