Active Stocks
Fri Apr 19 2024 10:35:47
  1. Tata Steel share price
  2. 160.15 0.09%
  1. Tata Motors share price
  2. 952.30 -1.97%
  1. Infosys share price
  2. 1,403.75 -1.18%
  1. ITC share price
  2. 423.40 1.06%
  1. NTPC share price
  2. 347.85 -1.01%
Business News/ Companies / Fiat plans India-centric small car
BackBack

Fiat plans India-centric small car

Fiat plans India-centric small car

Premium

New Delhi: Italian auto maker Fiat on Wednesday said it plans to develop a small car, specifically for the Indian market, although it has deferred the launch of its super hatchback Bravo in India.

“Fiat plans to develop a small car for the Indian market in Italy with the help of an Indian team. It will be launched here with our joint venture partner Tata Motors with about 80-85 per localisation," Fiat India president and CEO Rajeev Kapoor told reporters at the 10th Auto Expo.

He, however, did not specify the time of completion of the development of the car.

The company has also put on backburner its plans to launch Bravo in India, he said. “Looking at the availability of number of various cars in India, we have decided to postpone the launch of Bravo. We will keep evaluating the launch time for India," Kapoor added.

Bravo was originally scheduled to be launched in the beginning of last year.

Fiat India also expects to double its sales volume in calendar 2010 at 46,000 units against 23,000 units sold last year.

It is also starting exports of its sedan Linea and hatchbacks Grande Punto and Palio Stile to Nepal and Sri Lanka shortly.

The company unveiled various versions of Linea, 500 and Punto here.

Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!

Catch all the Corporate news and Updates on Live Mint. Download The Mint News App to get Daily Market Updates & Live Business News.
More Less
Published: 06 Jan 2010, 04:06 PM IST
Next Story footLogo
Recommended For You
Switch to the Mint app for fast and personalized news - Get App