Seeking Alpha

Jeep to expand to India

  • Fiat Chrysler (FIATY) will begin selling Jeep in India by 2015. The original plan called for Jeep to expand to the region late last year, although it was scrapped after Jeep CEO Mike Manley felt that the brand would not hit the market strong enough.
  • According to IHS Automotive, India will be the world's third-largest auto market by 2020, with sales doubling to 6M vehicles.
  • Jeep has sold 100k vehicles last month alone, and it is aiming to hit 1M vehicle sales globally this year.
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