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Mid-size cars from Fiat in 2008

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CIOL Bureau
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MUMBAI: Fiat Auto India, the 50:50 joint venture between Fiat and Tata Motors, on Monday formally opened its Ranjangaon plant near Pune. The plant has a capacity to produce one lakh cars and two lakh engines every year for the Indian and foreign markets.

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Fiat and Tata Motors will invest 50% each in the Rs 4,000-crore facility.

The plant would start production of passenger cars, engines and powertrains around mid 2008, Fiat Auto India MD Giovanni De Filippis said. The company planned to make 1 lakh cars and 2 lakh engines and powertrains, Filippis said.

Fiat's Grande Punto and the Linea, both mid-size cars, would roll out from Ranjangaon plant, said Stefan Ketter, senior vice-president (manufacturing), Fiat Group Automobiles.

Punto, with 1.3-litre petrol and diesel engines, would compete with the Maruti Swift, the Indica, the Indica Xeta, the Getz Prime, the Aveo UV-A and Fiat's own Palio while Linea will compete with the Tatas' Indigo, the Maruti's Esteem, Mahindra-Renault's Logan, the Chevrolet Aveo and the Hyundai Accent.

The company will produce Stile and new generation cars of Tata Motors' models such as Indica and Indigo, the designs for which are under development, at Ranjangaon.

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