Fiat Chrysler announces $250 million investment for Jeep brand in India

[Bili]

Jeep Grand Cherokee to hit Indian market in 2022! Fiat Chrysler announces $250 million investment​

The iconic Jeep Wrangler and next generation Grand Cherokee flagship SUVs would be locally assembled at the company's Ranjangaon facility​

KEY HIGHLIGHTS

• Four new local products to be launched in India by the end of 2022
• New Jeep Compass is market-ready and set to launch soon
• First ever mid-size three-row Jeep confirmed for India
• Iconic Jeep Wrangler to be locally assembled in Ranjangaon factory
• Next generation Grand Cherokee also to be locally assembled in Ranjangaon
• New investment takes FCA's overall spend in India to over $700 million since 2015.

Fiat Chrysler Automobiles that sells the Jeep brand of SUVs in India on Tuesday announced a fresh $250 million (Rs 1,850 crore approx.) investment towards expansion of its local product lineup in the country. Since 2015, when the Jeep brand made an entry into India, the company has already invested $450 million in the country.

The fresh investment will be towards production of four new Jeep SUVs which includes the refreshed Compass which is slated for launch shortly, and an all new three-row Jeep SUV. Further, the iconic Jeep Wrangler and next generation Grand Cherokee flagship SUVs would be locally assembled at the company's Ranjangaon facility. The four new products will be on Indian roads by the end of 2022.

The 2021 Jeep Compass is set to be unveiled in India on January 7, 2021 and production has already commenced. The luxury seven-seat mid-size Jeep, codenamed H6, will be launched next year.

"Our new investment of $250 million will give us a competitive edge in multiple segments with our new Jeep SUVs rolling out of Ranjangaon," said Dr. Partha Datta, managing director, FCA India. "This investment is in addition to $450 million we have already committed to our Indian operations over the past five years. We are delighted to announce our exciting new products, coupled with our continued commitment to India in Jeep brand's 80th anniversary year."

Only last month, FCA had announced investment in a Global Digital Centre in Hyderabad and also expanded its engineering operations which will create at least 1,000 new jobs by the end of 2021. In 2015, FCA had invested in the local development and production of the Jeep Compass in Ranjangaon. In addition, the company has upgraded powertrains to meet BS-VI regulations and invested in transmission and drive-line development for product configurations offered in India.

"We are determined to increase locally-made componentry in our vehicles which are produced in our joint venture manufacturing facility," Dr Datta added. "Our plans in India are aimed at increasing the value proposition for customers through our products and services, working hard on customer satisfaction and unlocking business opportunities for our business partners."

Jeep Grand Cherokee to hit Indian market in 2022! Fiat Chrysler announces $250 million investment

The iconic Jeep Wrangler and next generation Grand Cherokee flagship SUVs would be locally assembled at the company's Ranjangaon facility

www.businesstoday.in

 

[ScramFan]

I read somewhere that this new "3 row midsize Jeep" that is mentioned here is allegedly supposed to compete with the Ford Endeavour and Toyota Fortuner, both of which are body on frame.

I wonder if there's any chance it could be a Wrangler derivative, based off the Gladiator?

Most likely, this is simply the long expected "Low D, 3 row" based off the Compass which we've seen mentioned in various Jeep product plans.

I just bring up the Wrangler possibility since that would be pretty cool, if highly unlikely.

 

[Mopar392]

More likely based on Ram 1000/Fiat Toro

 

[Bili]

Small Wide platform. This should be the same car as Brazilian version. Brazilian media said that competitors are CR-V, Tiguan (Allspace)...

 

[AlexB]

I read somewhere that this new "3 row midsize Jeep" that is mentioned here is allegedly supposed to compete with the Ford Endeavour and Toyota Fortuner, both of which are body on frame.

I wonder if there's any chance it could be a Wrangler derivative, based off the Gladiator?

Most likely, this is simply the long expected "Low D, 3 row" based off the Compass which we've seen mentioned in various Jeep product plans.

I just bring up the Wrangler possibility since that would be pretty cool, if highly unlikely.

The 3 Row Compass it what it seems to be.
That vehicle should be highly successful, I’m looking forward to seeing it.

Wrangler and Grand Cherokee seems to be CKD package that gets locally assembled.

 

[Bili]

To make this clear. I would like to see 3 row Jeep Compass in Europe but CO2 limit plays against it. And of course I would like to see it in US as Chrysler, both 2 and 3 row versions to compete against Toyonda and to replace Dodge Journey.

 

[pumadog]

To make this clear. I would like to see 3 row Jeep Compass in Europe but CO2 limit plays against it.

Why? They can sell it as PHEV, could more or less replace the Cherokee. I'd only keep that for continuity if a better next generation os at the horizon.

 

[KrisW]

Yep. Cherokee is the wrong kind of car for Europe, but 3-row Compass would be much more competitive. Still, the designation "Low D" makes me think that this isn't going to compete against, say, a LR Discovery Sport...