Pune, India | 10th February, 2026 — Stellantis, a leading global automaker, and Tata Motors Passenger Vehicles, India’s leading manufacturer of cars and SUVs, commemorated 20-years of successful partnering via their 50:50 joint venture, Fiat India Automobiles Private Limited (FIAPL). To mark the occasion, both companies signed a Memorandum of Understanding (MoU) today to explore further opportunities for collaboration across manufacturing, engineering and supply chain in India and overseas. 

Building on this successful partnership and leveraging Stellantis’ global expertise and Tata Motors Passenger Vehicles’ deep local capabilities, FIAPL has developed robust strength across manufacturing, powertrain, and supplychain excellence, laying a strong foundation for expanding future collaboration.

Speaking on the milestone and the opportunity ahead, Grégoire Olivier, Chief Operating Officer of Stellantis Asia Pacific, said: “FIAPL stands as a testament to what two strong organizations can achieve together. As we commemorate this milestone, we remain focused on evolving the partnership to support future-ready manufacturing, innovation, and sustainable growth in the region.”

Shailesh Chandra, Managing Director & CEO, Tata Motors Passenger Vehicles, added: “Our partnership with Stellantis through FIAPL reflects the strength of a long-standing collaboration built on trust, shared values and a common vision. We look forward to deepening this relationship with Stellantis in the years ahead.”

About Stellantis

Stellantis N.V. (NYSE: STLA / Euronext Milan: STLAM / Euronext Paris: STLAP) is a leading global automaker, dedicated to giving its customers the freedom to choose the way they move, embracing the latest technologies and creating value for all its stakeholders. Its unique portfolio of iconic and innovative brands includes Abarth, Alfa Romeo, Chrysler, Citroën, Dodge, DS Automobiles, FIAT, Jeep®, Lancia, Maserati, Opel, Peugeot, Ram, Vauxhall, Free2move and Leasys. For more information, visit www.stellantis.com.

About Tata Motors Passenger Vehicles Ltd. (Formerly Tata Motors Ltd)*:

Part of the USD 180 billion Tata Group, Tata Motors Passenger Vehicles Ltd.('the Company', BSE: Scrip code 500570; NSE: Scrip code TMPV) is one of India’s leading automobile manufacturers, offering a diverse portfolio of cars and SUVs renowned for their design, safety, and performance. The company delivers multipowertrain options, advanced connected technologies, and intelligent personal mobility solutions. Known for its innovation, reliability, and engineering prowess, the company is at the forefront of India’s electric vehicle revolution, accelerating the nation’s shift toward sustainable mobility. It continues to drive progress across zero emission, connected, and future ready mobility solutions, supported by robust design and R&D capabilities. 

*In terms of a Composite Scheme of Arrangement sanctioned by the Hon’ble National Company Law Tribunal, Mumbai Bench, the name of the Company was changed from Tata Motors Limited to Tata Motors Passenger Vehicles Limited w.e.f. October 13, 2025.

About Fiat India Automobiles Pvt. Ltd. (FIAPL) 

Fiat India Automobiles Pvt. Ltd. (FIAPL) is a leading automotive manufacturing joint venture between Stellantis and Tata Motors Limited, operating a stateoftheart integrated vehicle and powertrain facility in Ranjangaon, Pune. FIAPL manufactures premium and globally recognized portfolio of Stellantis models—including the Jeep® Compass, Meridian, Grand Cherokee (CKD) and Wrangler (CKD)—as well as Tata Motors’ bestselling Nexon, Altroz, and Curvv. Supported by inhouse production of advanced engines, transmissions, and traction motors, the facility also exports vehicles to key international markets such as Japan and South Africa, underscoring FIAPL’s  global standard of manufacturing and its commitment to consistent excellence.

*In terms of a Composite Scheme of Arrangement sanctioned by the Hon’ble National Company Law Tribunal, Mumbai Bench, the name of the Company was changed from Tata Motors Limited to Tata Motors Passenger Vehicles Limited w.e.f. October 13, 2025.