US product development collaboration: Stellantis and Jaguar Land Rover sign MoU

Stellantis and Tata Motors-owned Jaguar Land Rover said they were exploring a possible tie-up for product development in the US. The companies announced the plan on Wednesday. They said the discussions would focus on product and technology work. Both sides said the aim was to find shared gains while building value for each group.

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The two firms said they had signed a Memorandum of Understanding, or MoU. The statement described it as non-binding. Stellantis and Jaguar Land Rover, also called JLR, said the MoU covered talks on joint opportunities. They said any cooperation would use the firms’ complementary strengths.

Stellantis and JLR product development talks in the US

Stellantis said, "By working with partners to explore synergies in areas such as product and technology development, we can create meaningful benefits for both sides while remaining focused on delivering the products and experiences our customers love,\" Stellantis CEO Antonio Filosa said.

JLR CEO PB Balaji said, \"As we continue to evolve JLR for the future, collaboration will play an important role in unlocking new opportunities.\" PB Balaji added, \"Working with Stellantis allows us to explore complementary capabilities in product and technology development that support our long-‘term growth plans for the US market.\"

Stellantis and JLR product development agreement terms

The joint statement said any outcomes from the MoU talks would still need further steps. It said possible transactions would depend on standard closing conditions. These included signing binding definitive agreements. The companies did not set a timeline. They also did not confirm any final deal.

Stellantis and JLR product development background for the US market

Stellantis was formed after Fiat Chrysler Automobiles merged with PSA Group. The carmaker owns several brands. These include Abarth, Alfa Romeo, Chrysler, Citroen, Dodge, DS Automobiles, FIAT, Jeep, Maserati, Opel, Peugeot and Vauxhall. The statement said the firms aimed to build value for both organisations.

For JLR, the move came as higher US tariffs hit annual profit in FY26. JLR does not have a manufacturing facility in the US. The company’s premium SUVs Defender and Range Rover were described as popular there. The US remains a key market for JLR as it plans its growth.

With inputs from PTI