If your diagnosis is correct, the problem will be with the either sensor that detects the temperature of the coolant, the computer that creates the signal to open, the wiring that carries the message or the thermostat itself. An auto electrician should be able to sort this out by testing the components one by one until the dud one reveals itself.

But there’s another possibility in cars like this one with a thermostat that lives in a plastic housing. Over time and repeated heat cycles, the plastic can degrade and fail internally. At that point, the actual thermostat mechanism can move sideways and jam against the housing, effectively preventing it from opening., At that point the engine can overheat. Don’t rule that out until the condition of the housing has been checked.

Basically, the light is telling you that there’s something wrong with the car’s driveline and that you need to have it checked out before the problem does any permanent damage. This can be taken care of at a workshop that has the correct scanning tools.

Possible causes are numerous, but can include a dud sensor, a bad earth, wiring problems, damaged exhaust or any one of about a thousand engine or transmission glitches. Don’t bother trying to guess the reason, have the car electronically scanned and home in on the actual problem that way.