Mumbai, Feb. 10 -- European auto major Stellantis and Tata Motors Passenger Vehicles (TMPV) have marked the 20th anniversary of their 50:50 joint venture, Fiat India Automobiles (FIAPL) and signed a Memorandum of Understanding (MoU) to explore further opportunities in manufacturing, engineering and supply chain operations within India and international markets.

Since its inception, the partnership has produced more than 1.37 million vehicles. The joint venture currently employs approximately 5,000 people and maintains a production capacity of 222,000 vehicles per year.

The FIAPL plant currently manufactures four Jeep models for Stellantis and three passenger vehicle models for Tata Motors. The facility has established operations across ...