Stellantis CEO said it can't currently make affordable electric vehicles in Europe and is looking at other manufacturing markets such as India
"There is a growing tension between China and the Western world. That is going to have a consequence in terms of business. The power that is best placed to leverage this opportunity is obviously India," Tavares said.
Tavares has previously said he expects revenues in the South Asian nation to more than double by 2030 and operating profit margins to be in double-digits within the next couple of years.
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