Jeep Compass SUV launch: Fiat Chrysler said production of the vehicle has already begun with dispatches to dealerships slated to start shortly

The iconic Jeep Wrangler and next generation Grand Cherokee flagship SUVs would be locally assembled at the company's Ranjangaon facility

The investment will be made to locally manufacture a mid-size, three-row SUV, assemble the Jeep Wrangler and Jeep Cherokee vehicles in the country and launch a new version of its Jeep Compass SUV, FCA said in a statement

Hyundai Motor India Ltd (HMIL) led the segment, followed by Ford India and Maruti Suzuki India (MSI) at second and third positions respectively.

Renualt decided to pull out of the merger after the French government could not secure explicit consent of Nissan, a longstanding partner of Renault, on certain stipulations of the deal.

The Jeep Compass 'Bedrock' edition has been launched inIndia for Rs 17.53 lakh. FCA India, which manufactures the Jeep Compass in itsRanjangaon facility near Pune announced the launch of the 'Bedrock' variant ofthe car.

Jeep Compass, the first locally made product from the Fiat Chrysler stable and a hugely popular SUV in India, has hit its first speedbreaker.

Sales of SUVs and MPVs grew a staggering 30 per cent in 2016/17 over the previous year, while passenger cars rose 3.85 per cent and vans 2.37 per cent.