Stellantis Could Build EVs In India As It Says Europe Is Too Expensive | Carscoops carscoops
in Europe and is weighing up the possibility of building EVs in India for potential export to the Old Continent.of Stellantis
, chief executive Carlos Tavares said that the low-cost supplier base in India could meet the automaker’s quality and cost targets by the end of 2023. “So far, Europe is unable to make affordable EVs, so the big opportunity for India would be to be able to sell EV compact cars at an affordable price,” Tavares said. “This is what we are working out but it is not decided. This is what we are trying to do.”While Tavares acknowledged that India only accounts for a fraction of the company’s global sales, he said the brand wants to locally procure EV components, including batteries.
“The customs duties to import a car in India are sky high. Which means if you want to have an affordable EV, it has to be made in India with Indian suppliers and components,” he said. “EV today is mostly an affordability problem. It’s not about technology.”
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stellantis looks to India for affordable EVs for EuropeFiat parent Stellantis has concluded it can't currently make affordable electric vehicles (EVs) in Europe and is looking at lower-cost manufacturing in markets such as India, its chief executive told reporters.
Read more »
Stellantis to reorganise European dealer network from July 2023Franco-Italian carmaker Stellantis said on Thursday it would reorganise its European dealers' network in July next year, starting from Austria, Belgium, Luxembourg and the Netherlands.
Read more »
Ralph Gilles Talks Electric Cars, Urban Mobility, and TechnologyWorking on everything from V10 supercars to stylish minivans, Stellantis' Head of Design sheds light on the future of automotive design, from EVs to UVs.
Read more »
Domino's Adding 800 Chevy Bolt EVs To Its Delivery FleetDomino's is adding more than 800 Chevy Bolt EVs to its delivery fleet in the US to reduce emissions and help its drivers.
Read more »
Domino's Bakes 800 Chevy Bolt EVs Into Its Pizza Delivery FleetUnlike the DXP, the Bolt EV delivery vehicle will not have a built-in oven to keep pizzas warm.
Read more »
BYD Partners With Auto Nejma To Bring Its EVs To MoroccoIn another awesome development for Morocco's EV sector, BYD has just announced that it has partnered with Auto Nejma.
Read more »