The Maserati MC20 Folgore, along with all-electric next-gen versions of the Quattroporte sedan and Levante SUV, may not see the light of day after parent company Stellantis has pulled Euro 1.5 billion (about Rs 13,640 crore) in investments. The decision comes as amid slower than expected EV demand in the luxury segment, and a significant sales decline in the Chinese market. Stellatis’ profits in 2024 dropped by 70 percent and Maserati’s sales have more than halved compared to 2023, from 26,600 units to 11,300 units.
New Maserati models unlikely
Stellantis CFO confirms schedule of Maserati’s future models needs to be reviewed
Speaking at the most recent earnings call on February 26, Doug Ostermann, Stellantis’ chief financial officer, confirmed the cancellation of the investment. The press release and financial documents sent out by the conglomerate also state it will lead to “the cancellation of certain [Maserati] projects prior to launch”, hinting at the abandonment of the long-awaited all-electric MC20 Folgore.
According to our sister publication Autocar UK, Ostermann had also said that the schedule of Maserati’s future models needs to be reviewed. This statement means the future of the all-new Quattroporte EV and Levante EV is also called into question.
At the moment, Stellantis has no CEO as Carlos Tavares resigned abruptly in December last year. If a new one is appointed, they may have to take a call on whether to continue with Maserati, or let go of the famed Italian performance marque entirely.
Maserati India models and prices
Maserati Grecale, GranTurismo and MC20 on sale in India
In the last two years, Maserati India has been updating its line-up. The Italian brand launched the MC20 supercar at Rs 3.69 crore, the Grecale SUV at Rs 1.31 crore, and the GranTurismo at Rs 2.72 crore. At the most recent launch, Maserati had said that the all-electric GranTurismo Folgore would be brought to India this year, though there is no confirmation on a date, yet.
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