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Stellantis CEO confirms Leapmotor EVs coming to India this year

Tavares also hinted that the possibility of manufacturing EVs in India.

Chinese EV maker Leapmotor International will enter the Indian market in Q4 of 2024. This was recently confirmed by Stellantis’ global CEO Carlos Tavares.

“We are now going to go live. We are now in the planning phase to go to the markets and start exporting vehicles out of China to the rest of the world,” Tavares said. “And as we said this morning, planning is 10 percent, and execution is 90 percent. So, we are entering the execution part of our deal,” he added.

Leapmotor International is a joint venture between Stellantis and the China-based Leapmotor. Besides India, the company plans to expand to 9 European countries, including Belgium, France, Italy, Germany, Greece, the Netherlands, Romania, Spain and Portugal, starting September 2024.

In the fourth quarter of this year, Leapmotor International will enter markets in South America, the Middle East, Africa, India and the Asia Pacific region.

Leapmotor International will focus on volume-centric segments and will have 6 models in its portfolio by 2027. Tavares also hinted that the possibility of manufacturing EVs in India.

“So, we are keen on creating that opportunity for Leapmotor International if that makes economic sense. So, there is no limitation, of course, for Leapmotor International to use our manufacturing footprint inside of India if that was to be the best business case,” Tavares said.

 
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