Tata Motors Passenger Vehicles (NSE:TMPV, BOM:500570) and its subsidiary Tata Passenger Electric Mobility signed a definitive agreement with Stellantis to collaborate on vehicle technology and architecture for models targeting more than 50 global markets.
Under the agreement, Tata Motors will provide access to its product technology and vehicle architecture, while Stellantis will contribute product development and engineering capabilities in India. The vehicles will be manufactured in India at Fiat India Automobiles, a 50:50 joint venture between the companies.
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