Stellantis buys out CK Birla stake in Chennai plant, over 1,000 jobs planned

Stellantis has acquired CK Birla Group's remaining stake in its Chennai-area manufacturing joint venture, gaining full ownership of the Tiruvallur plant. The automaker plans to increase annual production to over 50,000 vehicles by 2027, expand exports and more than double its direct workforce.

Stellantis India has taken full ownership of its car manufacturing plant near Chennai after buying out its joint venture partner, Hindustan Motor Finance Corporation Ltd (HMFCL), a CK Birla Group company. The acquisition gives the automaker complete control of Stellantis Automobiles India Pvt Ltd and its Tiruvallur facility. The companies have kept the stake sale value and transaction amount confidential.

The move comes with a major........

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