Chief Minister Devendra Fadnavis on Wednesday said Chrysler’s Jeep Grand Cherokee will now be manufactured in parts and phases in India, making it comparatively more economical to the domestic buyers. The US auto major has agreed to invest Rs 3,500 crore.
Chrysler India, which operates in India through Fiat Chrysler Automobiles at Ranjangaon in Pune district, also plans to double its vehicle production to 2.45 lakh units by 2018. On the second day of his US tour, Fadnavis travelled to Detroit and visited the headquarters of Chrysler and General Motors.
Fadnavis said, “Both Chrysler and General Motors have responded very positively. I had excellent interaction with both the companies and look forward to greater partnership between India and the US in the automobile sector.”
During the meeting, Fadnavis reiterated the industrial reforms undertaken by his government and initiatives in speeding up clearances.
Fadnavis stressed on the fact that Maharashtra is home to the fastest growing automotive industries in the country.