NSEPress Release2d ago · 12 Oct 2026, 03:58 pm
Press Release
Tata Motors Passenger Vehicles Limited · TMPV
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Tata Motors Passenger Vehicles Limited has announced a strategic partnership with Stellantis to expand their collaboration into advanced technology and product development, aiming to accelerate export ambitions and further anchor India as a key node in the global production network.
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Tata Motors Passenger Vehicles Limited has informed the Exchange regarding a press release dated October 12, 2026, titled "Stellantis and Tata Motors Passenger Vehicles Broaden Strategic Partnership to include Advanced Technology and Product Collaboration".
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BSE Limited National Stock Exchange of India Ltd.
Phiroze Jeejeebhoy Towers, Exchange Plaza, C-1, Block G,
Dalal Street, Fort, Bandra Kurla Complex,
Mumbai 400 001 Bandra (E), Mumbai 400 051
October 12, 2026
Sc no. - 19009
Dear Sir/Madam,
Sub: Press Release – “Stellantis and Tata Motors Passenger Vehicles Broaden Strategic
Partnership to include Advanced Technology and Product Collaboration”
Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015, we are enclosing herewith a Press Release issued by Tata Motors
Passenger Vehicles Limited (formerly Tata Motors Limited) on the captioned subject, the
content of which is self-explanatory.
This is for information of the Exchanges and the Members.
Yours faithfully,
Tata Motors Passenger Vehicles Limited
(formerly Tata Motors Limited)
Maloy Kumar Gupta
Company Secretary & Chief Legal Officer
Encl: as above
PRESS RELEASE
Stellantis and Tata Motors Passenger Vehicles Broaden Strategic Partnership
to include Advanced Technology and Product Collaboration
Sign definitive agreement bringing together Tata Motors Passenger Vehicles' technology and
vehicle architecture capabilities with Stellantis' global product development expertise.
Agreement reinforces India's growing global role in vehicle development, manufacturing and exports
Mumbai/Pune, India | 12 October 2026: Stellantis India, Tata Motors Passenger Vehicles Limited (TMPV)
and its subsidiary Tata Passenger Electric Mobility Limited (TPEM) today announced the signing of a
Definitive Agreement that expands the scope of their long-standing partnership further into advanced
technology and product collaboration. It builds on the Memorandum of Understanding (MoU) signed in
February 2026 and marks an important expansion of the companies' long-standing strategic partnership.
Under the Agreement, TMPV will provide Stellantis access to its advanced product technology and vehicle
architecture, which Stellantis will build upon through its product development and engineering
capabilities in India to address the requirements of more than 50 global markets, adapting to diverse
customer, regulatory and operating requirements. The Vehicles developed under this Agreement will be
manufactured in India at Fiat India Automobiles Private Limited (FIAPL), the 50:50 joint venture between
TMPV and Stellantis.
This Definitive Agreement follows the MoU signed in February 2026 to explore collaboration across
manufacturing, engineering and supply chain in India and overseas. It turns that intent into a specific
product technology and architecture collaboration. Utilising India’s competitive engineering strengths and
manufacturing scale, the collaboration aims to accelerate the export ambitions and further anchor India
as a key node in the global production network.
Shailesh Chandra, Managing Director & CEO, Tata Motors Passenger Vehicles, said: "Our partnership
with Stellantis has grown steadily over more than two decades, built on mutual trust and complementary
strengths. This Agreement marks an important next step, extending our relationship into advanced vehicle
technology and architecture, reflecting the strength and competitiveness of TMPV’s capabilities in these
areas. We are delighted that Stellantis will leverage them to develop products for global markets.
Together, we have an exciting opportunity to combine our respective strengths to create compelling
vehicles engineered and made in India for customers in India and around the world.”
Tianshu Xin, Chief Operating Officer, Stellantis Asia-Pacific Region, said: "Partnerships are central to how
Stellantis creates value across Asia-Pacific. By combining Tata Motors' strong capabilities in India with
Stellantis' global product development and market reach, this Agreement will help us develop competitive
vehicles in India and expand our export potential across international markets. It also reinforces India's
growing role as a strategic manufacturing and development hub for Stellantis."
Stellantis brings a portfolio of 14 iconic automotive brands, a strong presence across Europe, North
America, South America, the Middle East, Africa and Asia-Pacific, and significant global product
engineering and market expertise. Combined with Tata Motors' technology capabilities, this creates a
strong foundation to develop and manufacture vehicles in India for markets worldwide.
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 multi-powertrain 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 state-of-the-art 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’ best-selling Nexon, Altroz, and Curvv. Supported by in-house 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.
For further information, contact:
Stellantis: Khushboo Gupta | Head Corporate Communication & Public Relations – Stellantis India
E: Khushboo.gupta@stellantis.com
We. Communications | Linett Loyall: M: +91 9999360343 | E: linett@avianwe.com
Tata Motors Passenger Vehicles Limited: +91 22 6657613 | pvcomms@tatamotors.com-