Tata Motors Passenger Vehicles (TMPV) and global auto major Stellantis have completed 20 years of their 50:50 joint venture and signed a fresh Memorandum of Understanding (MoU) to strengthen and expand their partnership.
The joint venture, Fiat India Automobiles Private Limited (FIAPL), was established in 2006 and operates an integrated manufacturing facility at Ranjangaon near Pune. Over the past two decades, the plant has produced more than 1.37 million vehicles. It currently has an annual production capacity of around 2.22 lakh units and employs nearly 5,000 people.
The Ranjangaon facility manufactures several models for both companies. For Stellantis, it produces vehicles such as the Jeep Compass and Meridian, along with CKD versions of the Jeep Grand Cherokee and Wrangler. For Tata Motors, models including the Nexon, Altroz and Curvv are built at the plant. The facility also manufactures engines, transmissions and traction motors, with some output exported to international markets including Japan and South Africa.
To mark the milestone, the two companies signed an MoU on February 10, 2026. Under the new agreement, Tata Motors and Stellantis will explore opportunities for future collaboration across manufacturing, engineering and supply chain operations in India as well as overseas. While specific projects were not detailed, the move signals intent to build on the long-standing industrial alliance.
Stellantis Asia Pacific COO Grégoire Olivier said the partnership demonstrates what two strong organisations can achieve together and will continue to focus on innovation and future-ready manufacturing. Tata Motors Passenger Vehicles MD and CEO Shailesh Chandra described the joint venture as a relationship built on trust and shared vision, adding that both companies remain committed to strengthening the alliance further.
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