As part of a 50:50 joint venture agreement signed in 2007, the two companies had agreed to a joint distribution network and back-end support, besides co-manufacturing of products at the Ranjangaon facility near Pune.
The two-year old alliance between Fiat and Tata Motors has done little to improve the former's domestic sales.
As part of its workforce restructuring at the Kurla manufacturing unit, Fiat India Ltd on Monday said it has accepted the voluntary retirement of more than 50 per cent of its employees at the plant.
The new crossover and fully imported models of the Jeep brand will increase Fiat's product line-up that has shrunk to just two at present
For Hero MotoCorp, India's largest two-wheeler company, it's a calculated gambit to revive Harley-Davidson whose ride in India has been anything but easy since it got here.When automotive firms embark on alliances, it's a roll of the dice on how such marriages will play out.
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