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Stellantis gears up to bring Chinese EV startup to India

May 08, 2025

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Financial Express Pune

STELLANTIS, THE WORLD'S fourth-biggest automaker headquartered in the Netherlands, is preparing to bring Chinese electric vehicle (EV) startup Leapmotor to the Indian market.

- SWARAJ BAGGONKAR

Founded in 2015, Leapmotor makes electric cars and currently has four models in its portfolio with prices starting at around $17,800. With a market share of 2.5% in China, Leapmotor delivered 294,000 units in 2024, marking a growth of 104% against 2023.

"We are excited to announce the entry of the Leapmotor brand in India. We already have a presence in India with our Jeep and Citroën brands, and we understand the strategic importance and immense potential that the Indian market holds," Shailesh Hazela, CEO and managing director, Stellantis India, said.

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