The Tata-Fiat joint venture is looking at catering to the global demand for engines through its Ranjangaon plant.
Italian auto major Fiat Auto has asked Rajeev Kapoor, the newly appointed president and CEO of Fiat Auto India Automobiles, to take charge of the Indian operations after managing director De Filippis Giovanni's recall from the position about a week back.
A proposal by the joint venture between Tata Motors and Fiat to set up a facility to manufacture the world's most famous small diesel engine -- the 1.3 multijet -- had been rejected by Japan's largest maker of minicars, Suzuki Motor Corporation.
Amongst cars sold in the mid-size category (domestic sales) between April 2007 and March 2008, diesel variants outsold petrol car models roughly in the ratio of 7:3. That means over 70 per cent of the over 1,79,493 mid-size cars sold in the domestic markets were diesel models. Diesel mid-size cars on an average are priced 15.5 per cent more than the petrol variant. Overall, the mid-size category, petrol and diesel models included, grew by 14.6 per cent.
Fiat India Automobiles, a joint venture between Tata Motors and Fiat Group, on Monday said it would invest Rs 2,341 crore (Rs 23.41 billion) to expand its facility in Ranjangaon plant in Pune.Fiat plans to ramp up its operations to produce up to two lakh cars, three lakh engines and three lakh automotive parts and accessories.
Leading property developers have made offers for this prime property, which real estate industry sources suggest could fetch Fiat more than Rs 300 crore (Rs 3 billion).
Fiat is riding the New 500 wave across Europe since its July 2007
Car maker Fiat India has sold its property in Kurla (Mumbai suburb) to IKG Associates for Rs 608 crore (Rs 6.08 billion). IKG is an affiliate of the financial services company IL&FS. The Italian car maker had received bids for the 53 acre plot from leading developers over the past few months.
Beleaguered carmaker Fiat on Wednesday said it will be sourcing components worth $10 million from India in 2006, which is expected to increase further in the coming years, and make significant investments for reviving the company.
38-year-old Zahir Shaikh from Pune shares his special story of friendship.
Fiat India on Monday said its manufacturing operations at Kurla were severely affected due to inclement weather conditions and floods in Maharashtra.
Terming India as a strategic market, struggling auto-maker Fiat on Wednesday said it has set a 12-month period for effecting a major restructuring of its operations, including the dealer and service networks.
Fiat India Ltd is to streamline its operations and rework its brand strategy at the premium end to reaffirm its presence in India.
Paolo Castagna who took over as the managing director of Fiat India in March this year, is trying to revive its fortunes.
The bowler England have pined for all summer is making his comeback from a horrific injury too late for this week's fifth Test against South Africa.
Fiat may launch small car, no plans for luxury cars
The operations of Fiat India is unlikely to be affected by a massive restructuring plan announced on Thursday by its parent company in Italy, which involves cutting 12,300 jobs worldwide and closure of 12 factories.
Fiat India on Friday said that it would roll out a petrol variant of the Palio next month as part of the efforts to improve its market share in the competitive compact car segment.
The Baleno is a runaway hit for Maruti Suzuki with delivery wait extending to six months.
According to a report by rating and research agency CRISIL, it now takes six years to recover the premium-between Rs 100,000 on small cars and Rs 300,000 on luxury sedans-paid for diesel variants.
The Competition Commission of India (CCI) on Monday slapped a penalty of Rs 2,545 crore on 14 top carmakers of the country for violating trade norms in the spare-part andafter-sale service market.
'How can you ask the common man alone to suffer when the rich is not doing any sacrifice?' 'To take out 10% of black money, you are punishing 90% of the public who have genuine white money.'
Turns down firm's plea for stay on CCI order; final order pending
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