Automobile manufacturer FCA will expand local productline-up in India with an investment of over $250 million.
The company has committed towards the production of four newJeep SUVs.
Accordingly, the all-new local vehicle line-up includes the2021 made-in-India Jeep Compass, a locally produced and global-first three-rowJeep SUV, the Jeep Wrangler, and next generation Grand Cherokee flagship, whichwill both be locally assembled in FCA's joint venture manufacturing facility inRanjangaon.
All the four new products will be on the Indian roads by theend of 2022, the company said in a statement.
The 2021 Jeep Compass is set to be unveiled in India onJanuary 7, 2021, for which production has already commenced.
The luxury seven-seat mid-size Jeep, codenamed H6, will belaunched in 2022, it said.
"Our investment of $250 million more will give us acompetitive edge in multiple segments with our new Jeep SUVs rolling out ofRanjangaon," said FCA India Managing Director Partha Datta.
"This investment is in addition to $450 million we havealready committed to our Indian operations over the past five years."
Recently, the FCA announced its footprint expansion in Indiawith investment in a Global Digital Centre in Hyderabad.
"The automotive group also expanded its Engineeringoperations recently and will be creating at least 1,000 new jobs by the end of2021," the statement said.
In 2015, the FCA invested in the local development andproduction of the Jeep Compass in Ranjangaon.
Additionally, the FCA has upgraded powertrains to meet BS-VIregulations and invested in transmission and drive-line development for productconfigurations offered in India.
"We are determined to increase locally-made componentsin our vehicles which are produced in our joint venture manufacturingfacility," Datta said.
"Our plans in India are aimed at increasing the valueproposition for customers through our products and services, working hard oncustomer satisfaction and unlocking business opportunities for our businesspartners."
The Jeep brand made its debut in India in 2016, followed bythe launch of the award-winning Jeep Compass in 2017.