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.”
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