Jeep Compass SUV slows down Fiat Chrysler Automobiles' India growth

No further plan yet, FCA India will have to keep riding on this solo product at least till 2020


Companies News: Fiat Chrysler Automobiles (FCA) looked set for a growth ride in India going by the response to its locally made Jeep SUV, but that didn’t happen.

The Jeep Compass, a premium sports utility vehicle (SUV), connected well with buyers in the fast-expanding segment and the product commanded a waiting period of three months. Then came the slowdown in growth as domestic dispatches of the SUV started tapering.
Consider this: FCA, which is riding on this solo product, dispatched 8,033 units of the Jeep Compass to its dealerships in the October-December quarter of 2017. This happened to be a festive period, and the volume was strong — 52 per cent higher than the previous quarter (July-August). However, in the following quarter (January-March, 2018), dispatches came down to 6,219 units. The monthly average of about 2,000 units still looked impressive for a company that was struggling to make a mark in the fifth largest car market.

Article Source >> BS



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