Stellantis aims to double revenue by 2030 as it goes electric

Stellantis is focused on increasing its revenue to 300 billion euros by 2030 as the company ventures into electrification with much vigour.
By : HT Auto Desk
| Updated on: 03 Mar 2022, 17:10 PM
File photo used for representational purpose. (Reuters)
File photo used for representational purpose. (Reuters)
File photo used for representational purpose. (Reuters)
File photo used for representational purpose.

Stellantis is eyeing a double-fold increment in its revenue to 300 billion euros ($335 billion) by 2030. The carmaker is aiming to keep its profit margins high as it is gearing up to introduce electric versions of Jeep SUV and RAM pickup trucks. The automaker shared its plans to develop 75 fully-electric vehicles and sell five million EVs a year by 2030.

Formed last year with the merger of Fiat Chrysler and Peugeot maker PSA, Stellantis shared it is expecting EVs to make up cent per cent of its sales in Europe and around 50 per cent in the United States by 2030. Along with this, it will also focus on expanding hydrogen fuel cells for vans and heavy-duty trucks. The automaker will also invest in software for EVs and will use its collaboration with Alphabet's Waymo to create autonomous driving vehicles.

Similar Cars

Find More Cars
Jeep Compass (HT Auto photo)
Jeep Compass
1368 cc | Petrol | Manual
₹17.19 - 28.84 Lakhs**Ex-showroom price
Jeep Wrangler (HT Auto photo)
Jeep Wrangler
1998 cc | Petrol | Automatic (Torque Converter)
₹53.9 - 59.15 Lakhs**Ex-showroom price
Tata Nexon Ev Max (HT Auto photo)
Tata Nexon Ev Max
Electric | Automatic
₹17.74 - 19.24 Lakhs**Ex-showroom price
Hyundai Elantra (HT Auto photo)
Hyundai Elantra
1999 cc | Petrol | Manual | 15 kmpl
₹17.83 - 21.27 Lakhs**Ex-showroom price
Honda Civic (HT Auto photo)
Honda Civic
1799 cc | Petrol | Automatic (CVT) | 16.5 kmpl
₹17.94 - 22.5 Lakhs**Ex-showroom price
Honda City Hybrid (HT Auto photo)
Honda City Hybrid
1498 cc | Hybrid (Electric + Petrol) | Automatic (EV/Hybrid) | 26.5 kmpl
₹19.5 Lakhs**Ex-showroom price

(Also read | Stellantis confirms Jeep EV, Maserati to bring two electric cars by 2023)

Stellantis Chief Executive Carlos Tavares said as a legacy automaker the company is fully able to design and produce safe products at scale. “Others still have to prove it," he added. Tavares also stressed the company's ability to become a mobility tech company and how it is going to be one soon. Stellantis is aiming to achieve revenues from its new data business, an increasingly important growth area for automakers. It may touch 9 billion euros by the end of the decade, with a gross margin of up to 70 per cent, as per a report by Reuters.

FOLLOW US:Stay Updated with latest content - Subscribe us on
FOLLOW US:Stay Updated with latest content - Subscribe us on

(Also read | Fiat aims to sell only electric vehicles in Europe after 2027)

Like other major auto companies, Stellantis is also facing challenges in turning its product range from conventional combustion engines to fully-electric models along with developing self-driving technology, all while competing with Tesla and a number of other electric vehicle startups, mentioned the report.



First Published Date: 03 Mar 2022, 17:10 PM IST
Recommended For You
View All

Please provide your details to get Personalized Offers on

Choose city
+91 | Choose city
Choose city
Choose city
By clicking VIEW OFFERS you Agree to our Terms and Privacy Policy

Dear Name

Please verify your mobile number.

+91 | Choose city