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'India-UK FTA a surprise help to Stellantis'
Financial Express Ahmedabad
|September 06, 2025
Five years since entering the Indian market, carmaker Stellantis is gearing up to add more products, expand its reach, and step up production.
Shailesh Hazela, MD and CEO, Stellantis India, spoke to Swaraj Baggonkar on the sidelines of the launch of the Basalt X, priced at ₹7.95 lakh, about the company's plans. Excerpts:
Despite having two globally popular brands—Citroen and Jeep—Stellantis has been very slow in the Indian market. Why is that so?
India is a tough market to enter. Every company in the past went through the cycle. We are learning too. We have been here for the past five years. We have seen the customer preferences changing very quickly.
Can you elaborate on that?
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